CA meets sales forecast but posts loss for quarter

Computer Associates International has met its sales forecast in the quarter which ended 30 September but will post a loss for the...

Computer Associates International has met its sales forecast in the quarter which ended 30 September but will post a loss for the quarter as it absorbs restructuring charges and the $225m (£127m) it agreed to pay shareholders in compensation for its accounting violations.

CA said its revenue for the quarter, the second of its 2005 financial year, was in the $830m to $850m range. The consensus forecast of analysts polled by Thomson First Call is for revenue of $841.3m.

That figure includes acquisition amortisation along with the settlement charge and $25m that CA spent in the quarter on layoffs. CA said last week it would cut 800 positions, about 5% of its worldwide work force, to reduce its operating costs.

Stacy Cowley writes for IDG News Service

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