CA chairman and CEO Sanjay Kumar said the Islandia, New York-based company had seen evidence of an improving macroeconomic environment in the quarter ended December 31, with a 4% revenue increase compared to the same quarter last year.
Kumar said that customers continue to be prudent with their technology spending, but that the company is enjoying growth due to its new software subscription model and an overall increase in the number of transactions.
For the nine months, CA recorded a net loss of $161m on revenue of $2.32bn, compared to a net loss of $864m on revenue of $2.19bn in the first three quarters of fiscal of 2002. Looking ahead, the company expects revenue in the fourth quarter to be between $785m and $800m.
Source: Computerwire
