Dividend.com: Cautious on CA
CA Profit Beats View, but Revenue Falls 5%
IT management software company CA (CA Quote), formerly known as Computer Associates, said late Wednesday that its fiscal fourth-quarter adjusted profit beat analyst expectations. The Islandia, New York-based company reported fiscal fourth-quarter net income of $72 million, or 13 cents per share, compared with $71 million, or 13 cents per share, in the year-ago period. Excluding special one-time items, the company earned 31 cents per share. Revenue dropped 5% from the year-ago period to $1.04 billion. On average, Wall Street analysts expected earnings of 29 cents per share on revenue of $1.03 billion. CA's Q4 Highlights- Subscription and maintenance revenue fell 4% to $913 million
Professional services revenue dropped 18% to $84 million
Software fees and other revenue jumped almost 23% to $38 million
Expenses fell almost 9% to $855 million, helped by lower selling and marketing expenses
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