• Third Quarter Results Consistent With Company Expectations
• Third Quarter Revenue of $1,007 Million
• Third Quarter GAAP EPS of $0.50
• Third Quarter Non-GAAP EPS of $0.63
• Third Quarter Cash Flow From Continuing Operations of $517 Million
India, January 31, 2017 - CA Technologies (NASDAQ:CA) today reported financial results for its third quarter fiscal 2017, which ended December 31, 2016.
Mike Grgoire, CA Technologies Chief Executive Officer, said:
“I am pleased with the strong growth in cash flow from operations as well as the healthy operating margin and earnings per share we delivered in the third quarter. On a constant currency basis, our revenue in the quarter came in as expected. The cadence and quality of our product releases is improving and we are making progress across a number of strategic imperatives, but we still have work to do to achieve the level of sustainable growth we are targeting.”
FINANCIAL OVERVIEW
|
(dollars in millions, except share data)
|
|
Third Quarter FY17 vs. FY16
|
|
|||
|
|
FY17
|
FY16
|
% Change
|
% Change CC*
|
|
|
|
Revenue
|
|
$1,007
|
$1,034
|
(3)%
|
(2)%
|
|
|
GAAP Income from Continuing Operations
|
|
$208
|
$219
|
(5)%
|
(9)%
|
|
|
Non-GAAP Income from Continuing Operations*
|
|
$263
|
$268
|
(2)%
|
(3)%
|
|
|
GAAP Diluted EPS from Continuing Operations
|
|
$0.50
|
$0.52
|
(4)%
|
(8)%
|
|
|
Non-GAAP Diluted EPS from Continuing Operations*
|
|
$0.63
|
$0.63
|
0%
|
(2)%
|
|
|
Cash Flow provided by Continuing Operations
|
|
$517
|
$332
|
56%
|
57%
|
|
* Non-GAAP income, Non-GAAP earnings per share and CC or Constant Currency are non-GAAP financial measures, as noted in "Non-GAAP Financial Measures" below. A reconciliation of non-GAAP financial measures to their comparable GAAP financial measures is included in the tables following this news release.
REVENUE AND BOOKINGS
|
(dollars in millions)
|
|
Third Quarter FY17 vs. FY16
|
|
|||||
|
|
FY17
|
% of
Total |
FY16
|
% of
Total |
%
Change |
%
Change CC* |
|
|
|
North America Revenue
|
|
$674
|
67%
|
$702
|
68%
|
(4)%
|
(4)%
|
|
|
International Revenue
|
|
$333
|
33%
|
$332
|
32%
|
0%
|
1%
|
|
|
Total Revenue
|
|
$1,007
|
|
$1,034
|
|
(3)%
|
(2)%
|
|
|
|
|
|
|
|
|
|
|
|
|
North America Bookings
|
|
$809
|
64%
|
$727
|
59%
|
11%
|
11%
|
|
|
International Bookings
|
|
$449
|
36%
|
$515
|
41%
|
(13)%
|
(12)%
|
|
|
Total Bookings
|
|
$1,258
|
|
$1,242
|
|
1%
|
2%
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Revenue Backlog
|
|
$2,994
|
|
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