CA Technologies Q3 Net Income Widens

The company posted total revenue of $1.26 billion for the third quarter of fiscal 2012, an increase of 10 percent, compared to $1.14 billion for the same period of fiscal 2011. Total expenses before interest and income taxes were $850m for the fiscal 2012, compared to $812m for the same period of fiscal 2011.

Income from continued operations was $263m, or $0.54 per diluted share, for the third quarter of fiscal 2012, compared to $196m, or $0.38 per diluted share, for the same period of fiscal 2011.

For the nine months of fiscal 2012 ended December 31, 2011, net income was $740m, compared to $639m for the year 2010. Total revenue was $3.62 billion, compared to $3.3 billion for the year 2010.

Income from continued operations of $727m, or $1.46 per diluted share, for the nine months of fiscal 2012, compared to $636m, or $1.24 per diluted share, for the same period in fiscal 2011. Total expenses before interest and income taxes were $2.53 billion, compared to $2.34 billion for the same period in fiscal 2011.

Bill McCracken, CEO of CA Technologies, said: "We had a good quarter on many measures and continued to make solid progress against our long-term goals. However, we are not done. We remain focused on continuing to execute on our strategy and making further operational enhancements including driving new product sales and increasing sales productivity.

"The $2.5 billion enhanced capital allocation program announced today is the culmination of significant work evaluating ways to optimize our balance sheet, while maintaining the financial flexibility needed to build our business and enhance our competitive positioning."

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