CA Technologies Q3: Ahead of estimates, but down from year ago

Summary:CA CEO says company needs to "do more to accelerate innovation, gain market share and better differentiate our solutions in the marketplace."

CA Technologies reported a better-than-expected third quarter, but acknowledged it has more work to do honing its business.

The software maker reported third quarter earnings of $1251 million, or 55 cents a share, on revenue of $1.19 billion, down 5 percent from a year ago. Non-GAAP earnings were 63 cents a share.

Wall Street was expecting CA to report fiscal third quarter earnings of 61 cents a share on revenue of $1.17 billion.

In a statement, CA CEO Mike Gregoire reiterated that the company will focus on Nimsoft, infrastructure management and service virtualization, but needs to "do more to accelerate innovation, gain market share and better differentiate our solutions in the marketplace."

Gregoire said CA will outline a plan to hit its strategic and financial goals. For fiscal 2013, CA reaffirmed its previous outlook. CA is projecting non GAAP earnings growth of 6 percent to 10 percent with revenue down 3 percent to 1 percent.

ca012213

 

Topics: Enterprise Software, Cloud, Data Centers, Virtualization

About

Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CN... Full Bio

zdnet_core.socialButton.googleLabel Contact Disclosure

Kick off your day with ZDNet's daily email newsletter. It's the freshest tech news and opinion, served hot. Get it.

Related Stories

The best of ZDNet, delivered

You have been successfully signed up. To sign up for more newsletters or to manage your account, visit the Newsletter Subscription Center.
Subscription failed.