Feeds

CA reaps benefits of reaping employees

Triple bubble

Boost IT visibility and business value

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. ®

Maximizing your infrastructure through virtualization

More from The Register

next story
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.