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Tech earnings: Mixed bag from CA, Ariba, Constant Contact

Currency fluctuations are hampering growth and slowing demand in spots certainly doesn't help.
Written by Larry Dignan, Contributor

Technology companies delivered a mixed batch of earnings as many complained about a stronger dollar and how it was hurting growth rates. 

To wit:

CA reported fiscal first quarter earnings of $240 million, or 51 cents a share, on revenue of $1.14 billion, down 2 percent from a year ago. Non-GAAP earnings were 63 cents a share.

Wall Street was looking for first quarter earnings of 61 cents a share on revenue of $1.18 billion.

Total bookings in the first quarter were $553 million, down 36 percent. CA saw a decrease in renewals.

As for the outlook, CA said that its fiscal 2013 revenue will be between $4.74 billion and $4.8 billion. Wall Street was expecting sales of $4.9 billion. Non-GAAP earnings for the fiscal year will be $2.45 a share to $2.50 a share in line with estimates. 

Constant Contact reported a second quarter net loss of $500,000, or 2 cents a share, on revenue of $62.1 million. Non-GAAP earnings were 11 cents a share. Wall Street was looking for earnings of 12 cents a share. Constant Contact provides marketing engagement tools for small businesses.

For the third quarter, Constant Contact projected non-GAAP earnings of 14 cents a share to 15 cents a share on revenue of $63.7 million to $64.1 million. Wall Street was looking for earnings of 19 cents a share on revenue of $64.3 million.

Ariba reported a fiscal third quarter net loss of $760,000, or a penny a share, on revenue of $137 million, up 12 percent from a year ago. Non-GAAP earnings for the quarter were 25 cents a share.

The results were in line with Wall Street estimates. Ariba didn't provide an outlook given that SAP is acquiring the company.

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