The enterprise software vendor reported sales of $801m for the fourth quarter ending March 31, up 3.8% on the year. Net loss was $106m, compared to a loss of $238m last year. The loss per share was $0.18, but once CA excluded charges, including $80m for good will impairment and $38m for goodwill and other intangibles, the company made a profit of $0.08 per share. Wall Street had expected $0.06 per share.
For the full year, sales were up 5.1% to $3.1bn. Full year net loss was $267m, compared to $1.1bn the previous year.
For the first quarter, Islandia, New York-based Computer Associates said it expects revenue of $795m to $810m, compared to the $793m Wall Street expects. It expects a GAAP loss of $0.03 to $0.04. But excluding charges, earnings per share will be $0.09 to $0.10, compared to the $0.06 expected by analysts.
For the full year, CA expects revenues of $3.3bn to $3.4bn, with a GAAP loss of $0.05 to $0.10, or earnings of $0.41 to $0.46 excluding charges. Wall Street expects earnings of $0.31 per share on revenues of $3.3bn.
Source: Computerwire
