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CA Technologies Reports Second Quarter Fiscal Year 2014 Results

Stocks in this article: CA

In the Executive Commentary section, second graph, second sentence should read: "This will enable us to continue to deliver disruptive new products like our recently announced Nimsoft Monitor Snap - a free, feature-rich monitoring solution that provides an entirely new customer experience... (sted "This will enable us to continue to deliver disruptive new products like our recently announced Nimsoft Monitor Snap - a SaaS monitoring solution that provides an entirely new customer experience...)

The corrected release reads:

CA TECHNOLOGIES REPORTS SECOND QUARTER FISCAL YEAR 2014 RESULTS

GAAP EPS Grows 8 Percent in Constant Currency and 10 Percent as Reported

Non-GAAP EPS Grows 46 Percent in Constant Currency and as Reported

Revenue Flat in Constant Currency and Down 1 Percent as Reported

Cash Flow From Operations Declines 7 Percent in Constant Currency and 2 Percent as Reported

Updates FY 2014 Outlook for Revenue and GAAP and Non-GAAP EPS

CA Technologies (NASDAQ:CA) today reported financial results for its second quarter fiscal year 2014, ended September 30, 2013.

FINANCIAL OVERVIEW

   
(dollars in millions, except share data)   Second Quarter FY14 vs. FY13
FY14     FY13     % Change     % Change CC**
Revenue $1,140     $1,152     (1)%     0%
GAAP Net Income $240     $222     8%     7%
Non-GAAP Income* $390     $272     43%     43%
GAAP Diluted EPS $0.53     $0.48     10%     8%
Non-GAAP Diluted EPS* $0.86     $0.59     46%     46%
Cash Flow from Operations $87     $89     (2)%     (7)%

* Non-GAAP income and earnings per share are non-GAAP financial measures, as noted in the discussion of non-GAAP results below. A reconciliation of non-GAAP financial measures to their comparable GAAP financial measures is included in the tables following this news release.

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