CA, Inc (CA) Reports In-Line Q2 EPS; Reaffirms Outlook

CA, Inc (NASDAQ: CA) reported Q2 EPS of $0.62, in-line with the analyst estimate of $0.62. Revenue for the quarter came in at $1.03 billion versus the consensus estimate of $1.05 billion.

The Company reaffirmed its fiscal 2018 outlook as described below.

The Company expects the following:

• Total revenue to increase approximately 5 percent as reported and approximately 4 percent in constant currency. Previous guidance was to increase approximately 4 percent as reported and in constant currency. At September 30, 2017 exchange rates, this translates to reported revenue of $4.22 billion to $4.25 billion.
• Full-year GAAP operating margin between 26 percent and 27 percent. Full year non-GAAPoperating margin between 36 percent and 37 percent. The Company also expects a full-year GAAP and non-GAAP effective tax rate of between 28 percent and 29 percent.
• GAAP diluted earnings per share to decrease in a range of 8 percent to 5 percent as reported and in constant currency. At September 30, 2017 exchange rates, this translates to reported GAAP diluted earnings per share of $1.70 to $1.76.
• Non-GAAP diluted earnings per share to decrease in a range of 2 percent to flat as reported and in constant currency. At September 30, 2017 exchange rates, this translates to reported non-GAAP diluted earnings per share of $2.42 to $2.48.
• Approximately 412 million shares outstanding at fiscal 2018 year-end and weighted average diluted shares outstanding of approximately 415 million for fiscal 2018.
• Cash flow to increase in a range of 2 percent to 6 percent as reported and flat to 4 percent in constant currency. Previous guidance was to increase in a range of 1 percent to 5 percent as reported and flat to 4 percent in constant currency. At September 30, 2017 exchange rates, this translates to reported cash flow from operations of $1.10 billion to $1.15 billion

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

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