CA Technologies (CA) Misses Q2 EPS by 2c

CA Technologies (NASDAQ: CA) reported Q2 EPS of $0.56, $0.02 worse than the analyst estimate of $0.58. Revenue for the quarter came in at $1.01 billion versus the consensus estimate of $1.01 billion.

Mike Gregoire, CA Technologies Chief Executive Officer, said:

"I am pleased with the progress we have demonstrated this quarter. Our new sales performance reflects the continued improvements we are making in both our products as well as our sales execution. New sales were up more than forty percent. This is an indicator of the great traction our products are experiencing and CA's value in today's application economy. In addition, our renewal yields were the best in recent history.

“We recognize that there is still work to do in order to realize the kind of growth that CA can achieve. CA remains focused on product quality, product innovation, overall execution and fiscal discipline.

“Our strategy continues to stress organic innovation, complemented by targeted investments that give us competitive advantage.

“Looking ahead, we are encouraged by the breadth of opportunities in front of us. That said, for the rest of the fiscal year, we expect results to be weighted towards the fourth quarter.”

CA Technologies reaffirmed FY2016 guidance.

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

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