CA releases financial results

CEO says company performed well amid the global financial crisis

CA today released results for its fourth quarter and full 2009 fiscal year, ended March 31, 2009.

The IT management software company reported a net income of US$72 million for its fourth quarter (or $0.13 per diluted common share), and for the full year reported a net income of US$694 million (or $1.29 per diluted common share), resulting in a 39 percent increase in earnings per share for the year.

CA CEO John Swainson said he thought the company had performed well in the face of the global financial crisis.

“We achieved strong earnings growth and growth in cash flow from operations, in part because of the implementation of strong expense controls. We also continued to grow revenue in constant currency,” Swainson said.

Total revenue for the fourth quarter was US$1.035 billion, down five percent as reported, but up 2 percent in constant currency. For the full year, revenue was US$4.271 billion, up one percent in constant currency.

“While we are assuming a continuing downturn into, at least in the early part of fiscal 2010, we are making significant investments in new and improved products and sales resources, and we again are forecasting growth in revenues and earnings on a constant currency basis,” Swainson said.

“We can’t predict when the recovery will begin, but we strongly believe technology will lead the way. Overall, I feel good about where we are and where we are heading,” Swainson said.

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