Feeds

CA reaps benefits of reaping employees

Triple bubble

Beginner's guide to SSL certificates

Hodge-podge management software omnicorp CA is making hay after its massive restructure last year. It has reported Q2 profits three times higher than a year ago when it had just started firing 1,700 staff.

Revenues for the three months to 30 September were up a relatively meagre eight per cent to $1.06bn. The cost-cutting regime has put a rocket up its margins, however, boosting GAAP net income to $137m, from $54m last year; a rise of 154 per cent.

CEO John Swainson, the man tasked with turning the company around when he was hired from IBM in 2004, said: "This marks CA's fourth consecutive quarter of solid performance. We will continue to invest in software technology... even as we improve our internal processes and sales and marketing efficiency."

Total expenses for the quarter were nine per cent lower at $823m.

An effort to restructure the timing of big contract renewals also boosted bookings 46 per cent. There were 16 deals worth more than $10m in the period.

CA shares jumped six per cent on the news in late trading yesterday. ®

Beginner's guide to SSL certificates

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
Microsoft EU warns: If you have ties to the US, Feds can get your data
European corps can't afford to get complacent while American Big Biz battles Uncle Sam
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.