CA posts losses for this financial year


CA posts losses for this financial year

Computer Associates International (CA) ended its 2003 financial year on a down note, reporting losses for both the fourth quarter and the year.

The software company reported a net loss of $106m (£65m) for the fourth quarter, compared with a net loss of $238m in the same quarter last year.

For the year, CA recorded a net loss of $267m (£165m), compared with a loss of $1.10bn for the previous financial year.

Revenue was up in the fourth quarter to $801m (£494m) compared with $772m a year earlier. Revenue for the year increased as well, to $3.12bn (£1.9bn) compared with $2.96bn in 2002.

Much of that increase was because of healthy increases in subscription revenue, which grew by 46% in the company's fourth quarter to $395m (£244m) from $270m for the same quarter the previous year.

For the year, subscription revenue increased by 71% from $827m in 2002 to $1.4bn (£864m) in 2003.

CA has predicted flat revenue for the first quarter of the 2004 financial year of between $795m and $810m and annual revenue in the range of $3.27bn to $3.42bn.


Email Alerts

Register now to receive IT-related news, guides and more, delivered to your inbox.
By submitting your personal information, you agree to receive emails regarding relevant products and special offers from TechTarget and its partners. You also agree that your personal information may be transferred and processed in the United States, and that you have read and agree to the Terms of Use and the Privacy Policy.

COMMENTS powered by Disqus  //  Commenting policy