Fresh from a round of senior management changes, CA booked $911 million in revenue for the three months to December 31, 2004, overshooting the company’s October guidance of sales ranging between $850 million and $865 million.
CA also saw a 100% increase in net income, with the company bringing in $36 million. Earnings per diluted share also doubled to $0.06.
The $430 million acquisition of Netegrity Inc helped the quarter, bringing in $15 million for the period, according to CA. Excluding revenue related to the identity management specialist, CA’s revenue would have increased 3%.
For the nine-month period, CA substantially closed its deficit, recording a $7 million net loss compared to $64 million, on sales that grew 8.2% to $2.6 billion. Loss per diluted share totaled $0.01 compared to $0.11.
Incoming president and chief executive-elect John Swainson, commenting on the quarter, said his team is putting in place the pieces to position CA for long-term, sustainable growth.
Recently, Swainson, whose appointment as president and nomination as CEO-elect was announced during the middle of CA’s quarter, named a new executive vice president of products, in a move that indicated growth will come from grouping CA’s products sets around specific business problems.
Currently, according to Swainson, CA offers brand units instead of business units, with Swainson supporting CA’s initiative around the eTrust product set.
