CA Technologies (CA) Tops Q4 EPS by 6c; Guides FY16 Modestly Below the Street

CA Technologies (NASDAQ: CA) reported Q4 EPS of $0.56, $0.06 better than the analyst estimate of $0.50. Revenue for the quarter came in at $1.02 billion versus the consensus estimate of $1.04 billion.

CA Technologies sees FY2015 EPS of $2.38-$2.45, versus the consensus of $2.47. CA Technologies sees FY2015 revenue of $3.95-3.99 billion, versus the consensus of $4.18 billion.

Mike Gregoire, CA Technologies Chief Executive Officer, said:

"In fiscal year 2015, we focused our efforts on our go-to-market strategy, introduced new products and strengthened relationships with our customers. As demonstrated by this quarter’s results, however, we still have work to do to drive the kind of growth that our company has the potential to achieve.

"I am convinced that we have set in place the appropriate strategy to transform CA and return it to growth. We are making progress in differentiating and building new products that help our customers succeed in the Application Economy. We have also significantly improved the underlying efficiency of our business.

"In fiscal year 2016, we will make the required investments to drive innovation, while continuing to demonstrate financial discipline by expanding full year operating margin by two percentage points to 39 percent*, excluding the impact of any future material acquisitions.

"Over the medium term, I am confident that we can achieve sustainable low- to mid-single digit cash flow growth."

*This is a non-GAAP metric. GAAP margin is expected to improve three percentage points to 30 percent.

For earnings history and earnings-related data on CA Technologies (CA) click here.

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