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April 25, 1997updated 05 Sep 2016 12:58pm


By CBR Staff Writer

Shares of Computer Associates International Inc jumped as much as 14% after the Islandia, New York company said its fourth-quarter earnings likely will be better than Wall Street expected and that its European operations, which let down last quarter, have been improved. The company also announced the formation of CA-Japan, a wholly-owned subsidiary that will provide support to CA customers and pursue expanded alliances with Japanese multinationals. The unit was created, the company says, in response to increasing demand for CA software. CA shares closed the day up $4.375, or 9.9%, at $48.50.


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