CA Technologies reported a strong fourth quarter that was better than expected.
The company reported fourth quarter earnings of $211 million, or 45 cents a share, on revenue of $1.188 billion, up 5 percent from a year ago. Non-GAAP earnings were 56 cents a share. Wall Street was looking for earnings of 52 cents a share on revenue of $1.187 billion.
For CA, it was the second consecutive strong quarter for the company. The results are in contrast to the financial results from rival BMC, which reported lighter-than-expected fourth quarter earnings. CA reported fiscal 2012 earnings of $938 million, or $1.90 a share, on revenue of $4.81 billion, up 9 percent from a year ago.
Related: CA Technologies' strategy: Can it tackle organic growth?
As for the outlook, CA projected fiscal 2013 non-GAAP earnings of $2.45 a share to $2.53 a share on revenue between $4.85 billion to $4.95 billion. Wall Street is looking for earnings of $2.49 a share on revenue of $5 billion.
Bill McCracken, CEO of CA, said the results show that the company can hit its targets. McCracken said that CA will focus on expanding its footprint in large enterprise and winning new accounts in growth markets.
By the numbers: