CA paddles back into the black
Near death recovery
Enterprise software supplier Computer Associates is back in the black with profits of $41m for Q2 2006 compared to a loss of $98m for the same period last year. For the quarter ending 30 September 2005, CA pulled in revenues of $942m compared to $865m in Q2 2005. Looking ahead, CA predicts revenues of between $950m to $980m for Q3 2006.
Chief executive John Swainson said CA had recovered from "a near-death experience", Reuters reports. Swainson took over the firm in November 2004 after his predecessor, Sanjay Kumar, was charged with fraud following a long running running accountancy scandal. ®