CA reports 12% revenue jump

Computer Associates International broke into profitability again during its third quarter, beating its own optimistic revenue...

Computer Associates International broke into profitability again during its third quarter, beating its own optimistic revenue guidance by $27m ($14.7m).

The systems management software maker reported a jump in revenue to $844m, a 12% increase over the same quarter in the previous year. That figure exceeded CA's own high estimate of $817m. 

Income from continuing operations totalled $21m, compared with a loss of $47m in the same quarter last year. 

That figure excludes $29m in revenue generated by CA's business software subsidiary, ACCPAC International, which it sold in December for $88m. 

Latest earnings figures mark a reversal from the second quarter, when CA reported a loss of $87m on revenue of $833m - largely because of a $113m litigation settlement. 

The company attributed the increase to strong channel and services performance, as well as the stronger position of the euro over the US dollar. 

Marc L Songini writes for Computerworld

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