CA Technologies Q3 Profit, Revenue Declines - Quick Facts

(RTTNews) - CA Technologies (CA) reported that its third quarter GAAP income from continuing operations declined 3 percent to $218 million from $225 million in the same period last year. GAAP earnings per share from continuing operations fell to $0.49 from $0.50 in the year-ago quarter.

Non-GAAP income from continuing operations declined 19 percent to $297 million or $0.67 per share from $366 million or $0.81 per share in the prior year period.

Analysts polled by Thomson Reuters expected the company to report earnings per share of $0.60 for the quarter. Analysts' estimates typically exclude special items.

Revenue for the quarter decreased 3 percent and 1 percent on constant currency to $1.09 billion from $1.13 billion in the last year quarter. Analysts expected revenue of $1.09 billion for the quarter. The company attributed lower total revenue to decrease in subscription and maintenance revenue.

For fiscal 2015, the company still expects total revenue to decrease in a range of minus 2 percent to minus 1 percent in constant currency. The company now forecast GAAP diluted earnings per share from continuing operations of $1.76 to $1.83, representing minus 7 percent to minus 4 percent in constant currency, and non-GAAP diluted earnings per share from continuing operations of $2.45 to $2.5, representing minus 17 percent to minus 14 percent in constant currency.

Looking ahead, the company said it is on track to achieving medium-term goals, while it do not expect fiscal 2016 total revenue to grow in constant currency.