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CA Technologies Reports Second Quarter Fiscal Year 2013 Results

Stocks in this article: CA

OUTLOOK FOR FISCAL YEAR 2013

The Company updated its revenue and GAAP and non-GAAP earnings per share from continuing operations and cash flow from continuing operations guidance for fiscal year 2013. The following guidance consists of "forward-looking statements" (as defined below).

The Company expects the following:

  • Total revenue growth in a range of negative 3 percent to negative 1 percent in constant currency. At Sept. 30, 2012 exchange rates, this translates to reported revenue of $4.58 billion to $4.67 billion. Previously, revenue growth guidance was 1 percent to 2 percent in constant currency.
  • GAAP diluted earnings per share from continuing operations growth in constant currency in a range of 8 percent to 12 percent. At Sept. 30, 2012 exchange rates, this translates to GAAP reported diluted earnings per share of $1.99 to $2.07. Previously, GAAP diluted earnings per share from continuing operations growth in constant currency was in a range of 12 percent to 14 percent.
  • Non-GAAP diluted earnings per share from continuing operations growth in constant currency in a range of 6 percent to 10 percent. At Sept. 30, 2012 exchange rates, this translates to reported non-GAAP diluted earnings per share of $2.36 to $2.44. Previously, non-GAAP diluted earnings per share from continuing operations growth in constant currency was in a range of 10 percent to 12 percent.
  • Cash flow from continuing operations growth in a range of negative 8 percent to negative 4 percent in constant currency. At Sept. 30, 2012 exchange rates, this translates to reported cash flow from continuing operations of $1.38 billion to $1.44 billion. Previously, cash flow from continuing operations growth was in a range of 4 percent to 6 percent in constant currency.

This outlook also assumes no material acquisitions and a partial currency hedge of operating income. The Company expects a full-year GAAP operating margin of 30 percent, down from the previously stated 31 percent and continues to expect a non-GAAP operating margin of 36 percent. The Company also continues to expect an effective full-year GAAP and non-GAAP tax rate to come in closer to the high-end of the 30 to 31 percent provided at the outset of the fiscal year.

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