The management software maker blamed its past accounting problems on the shortfall. The company’s former CEO Sanjay Kumar has just pled guilty to fraud, perjury and obstruction charges as part of the company’s broader $2.2bn accounting scandal.
CA had previously forecast earnings of between 9 cents and 10 cents for its quarter ended March 31. Now it has adjusted that to between zero and two cents a share.
Revenue for the current quarter would be between $940m and $950m, the company said. The company’s previous guidance was between $975m and $1bn.
The news sent shares in Islandia, New York-based CA down 2.9% to close at $24.77 on the New York Stock Exchange.
CA said the lower earnings were mostly due to a sales miscalculation for products from companies CA has recently acquired.
