Updated from 4:24 p.m. ESTComputer Associates ( CA) said its third-quarter profit doubled as revenue rose 9%. The company said after the bell Tuesday that net income rose to $36 million, or 6 cents a share, from $18 million, or 3 cents a share, a year earlier. Revenue rose to $911 million from $837 million a year earlier. Excluding a charge, the company earned 19 cents a share in the latest quarter, meeting analysts' estimates. The company's revenue also bested Street estimates of $864 million. New deferred subscription revenue was $898 million for the quarter, which includes $845 million in direct bookings and $53 million in indirect bookings. Total indirect bookings for the quarter were $84 million, a 17% year-over-year increase. For the fourth quarter, the company expects operating earnings before items of 19 cents to 20 cents a share on revenue of $900 million to $920 million. A Thomson First Call survey had expected the company to post earnings of 20 cents a share on revenue of $894.1 million. CA shares traded up to $27.55 after hours; they closed the regular session at $27.25. Earlier Tuesday, John Swainson, who will take the reins as CEO later in the year, said he is planning to reorganize CA along the lines of IBM ( IBM), where he worked for 26 years. CA is organized along product lines; in the future, it will be organized by business units. "The business unit structure has proven itself an incredibly effective model in this industry and is a natural next step for CA," Swainson said in a memo to employees. The heads of the units will have profit-and-loss responsibility for them, a move designed to push executives to concern themselves with the whole company and not just their product niche.