CA reports 'solid' first quarter

Management software vendor claims it is on track to meet goals in 2008

CA has reported a solid start to its 2008 financial year with an eight per cent increase in turnover.

The software giant posted turnover of $1.02bn for the quarter ended 30 June 2007, compared to $949m in the same quarter the previous year.

Profit, based on generally approved accounting principles, stood at $129m for the quarter, compared to $35m in the first quarter of its 2007 financial year.

John Swainson, chief executive of CA, said: “CA had a good start to its 2008 fiscal year and the results represent our third consecutive quarter of solid business performance.

“We are making substantial progress in cutting costs and building more effective business processes. We are seeing healthy demand in the marketplace for our products and solutions, especially for those based on our Enterprise IT Management vision. While there is still more we need to accomplish, we believe we are on track to achieve our goals in the 2008 fiscal year."