• Reaffirming Full Year Guidance
• Second Quarter Revenue of $1,034 Million
• Second Quarter GAAP EPS of $0.44
• Second Quarter Non-GAAP EPS of $0.62
• Second Quarter Cash Flow From Operations of $37 Million
Mumbai, November 01, 2017 - CA Technologies (NASDAQ:CA) today reported financial results for its second quarter fiscal 2018, which ended September 30, 2017.
Mike Gregoire, CA Technologies Chief Executive Officer, said:
"I am pleased with the healthy operating margin and strong cash flow from operations growth we delivered in our second fiscal quarter. Our products continue to earn positive recognition from third-party industry analysts, and I believe we are well positioned in important markets. At the same time, there are areas of our business where we still need to improve. We are taking steps to drive more consistent performance. Looking ahead, I am optimistic about our ability to deliver long-term growth and profitability at CA.”
FINANCIAL OVERVIEW
|
(dollars in millions, except share data)
|
|
Second Quarter FY18 vs. FY17
|
|
|||
|
|
FY18
|
FY17
|
% Change
|
% Change CC*
|
|
|
|
Revenue
|
|
$1,034
|
$1,018
|
2%
|
1%
|
|
|
GAAP Net Income
|
|
$184
|
$212
|
(13)%
|
(11)%
|
|
|
Non-GAAP Net Income*
|
|
$263
|
$283
|
(7)%
|
(6)%
|
|
|
GAAP Diluted EPS
|
|
$0.44
|
$0.50
|
(12)%
|
(10)%
|
|
|
Non-GAAP Diluted EPS*
|
|
$0.62
|
$0.67
|
(7)%
|
(6)%
|
|
|
Cash Flow provided by (used in) Operations
|
|
$37
|
($53)
|
170%
|
154%
|
|
* 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)
|
|
Second Quarter FY18 vs. FY17
|
|
|||||
|
|
FY18
|
% of
Total |
FY17
|
% of
Total |
%
Change |
%
Change CC* |
|
|
|
North America Revenue
|
|
$692
|
67%
|
$690
|
68%
|
0%
|
0%
|
|
|
International Revenue
|
|
$342
|
33%
|
$328
|
32%
|
4%
|
2%
|
|
|
Total Revenue
|
|
$1,034
|
|
$1,018
|
|
2%
|
1%
|
|
|
|
|
|
|
|
|
|
|
|
|
North America Bookings
|
|
$477
|
66%
|
$479
|
66%
|
0%
|
0%
|
|
|
International Bookings
|
|
$243
|
34%
|
$250
|
34%
|
(3)%
|
(6)%
|
|
|
Total Bookings
|
|
$720
|
|
$729
|
|
(1)%
|
(2)%
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Revenue Backlog
|
|
$3,163
|
|
$2,945
|
|
7%
|
6%
|
|
|
Total Revenue Backlog
|
|
$7,013
|
|
$6,858
|
|
2%
|
1%
|
|