CA Beats 2Q Expectations Despite Currency Moves

ISLANDIA, N.Y. (AP) — Software maker CA Inc. said Thursday its second-quarter net income rose 8 percent from a year ago but it scaled back its forecast for full-year revenue growth and its shares retreated in after-market trading.

CA's second-quarter numbers beat Wall Street expectations despite a decline in revenue caused by currency movements.

Net income in the three months to Sept. 30 grew to $218 million, or 41 cents per share, from $202 million, or 39 cents per share, in the same quarter a year ago.

Excluding restructuring and certain amortization charges, the company said it earned an adjusted 42 cents per share.

Revenue fell 3 percent to $1.07 billion, down from $1.11 billion a year ago, but would have risen 1 percent if currency levels had been constant.

Analysts polled by Thomson Reuters were looking for earnings of 40 cents per share on revenue of $1.07 billion.

The company said it now expects revenue growth between 2 percent and 4 percent for fiscal 2010 from the previous year, rather than at the high end of that range as it previously predicted, if currency levels were constant.