Despite the headwinds to top line growth we experienced during the quarter, we are committed to delivering the earnings per share and cash flow growth we provided at the beginning of the year.Now let me provide some comments on the market and our performance in the first quarter. Our revenue grew 1% in constant currency -- some growth but short of our expectations. Non-GAAP operating margin was 38%, including 3 points of contribution from our IP transaction. Our non-GAAP earnings per share and cash flow from operations were up 16% and 10%, respectively in constant currency, both also improved by the IP transaction. We had new product sales decline in North America and EMEA, growth in APJ and continued strong momentum in Latin America. Growth economies continue to reward our investments.
CA Technologies Management Discusses Q1 2013 Results - Earnings Call Transcript
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