Over the years, CA's
CA, an enterprise software developer for areas like security, asset management, and process automation, offers more than 1,000 products. On Wednesday, it reported its results for Q4. Revenue increased 6.7% to $1 billion, and there was a loss of $20 million, or $0.04 per share. In the same period a year ago, CA posted a loss of $41 million, or $0.07 per share.
Keep in mind that there was a $100 million restructuring charge. Management has cut about 10% of the workforce over the past year, implemented an SAP
The company has also invested in its direct sales force and put more resources into relationships with systems integrators like Deloitte, Accenture
Wall Street was disappointed with CA's full-year revenue guidance of $4.05 billion to $4.1 billion, and the stock fell 8% on the news. As seen with companies like BEA
CA is still in the early stages of its restructuring, and we are likely to see some more moves on that front. So while the company seems to be making the right moves, it's probably going to take a couple of quarters to get traction on billings and allow for more sustainable growth.
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