CA CONTINUES STRONG REVENUE NET GROWTH; Total Revenues up 26% led by 220% Growth in Midrange.ISLANDIA, N.Y.--(BUSINESS WIRE)--January 19, 1995--COMPUTER ASSOCIATES INTERNATIONAL, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (NYSE NYSE See: New York Stock Exchange Symbol - CA) today announced that revenues for its third fiscal quarter ended December 31, 1994 were $721,032,000, an increase of 26% over the $574,380,000 reported for the year earlier quarter. Net income grew 40% to $174,206,000, or $1.04 per share, from $124,188,000, or $.72 per share for the previous year's corresponding quarter. Pre-tax income rose 45% versus the same quarter last year, to $280,978,000 from $194,156,000. For the nine months ended December 31, 1994, revenue was $1,821,003,000, an increase of 20% over the $1,514,730,000 reported for the corresponding prior fiscal year period. Income and income per share before CA's June 1994 (first quarter) write-off Write-Off A reduction in the value of an asset or earnings by the amount of an expense or loss. Companies are able to write off certain expenses that are required to run the business, or have been incurred in the operation of the business and detract from retained revenues. of costs associated with its acquisition of The ASK Group, Inc. totaled $373,568,000, or $2.22 per share; increases of 54% and 57% respectively over the prior year. Nine-month net income and net income per share after the one-time charge were $219,002,000 and $1.30, respectively. "These record breaking results are indicative of CA's successful leadership in the migration to multiplatform client-server environments" said Charles B. Wang (Wang Laboratories, Inc., Lowell, MA) A computer services and network integration company. Wang was one of the major early contributors to the computing industry from its founder's invention that made core memory possible, to leadership in desktop calculators and word processors. , Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "We have seen our midrange midrange Epidemiology The halfway point or midpoint in a set of observations; for most data, MR is calculated as the sum of the smallest observation and the largest observation, divided by 2; for age data, one is added to the numerator; a midrange is usually revenues increase from 9% of total revenues a year ago to 22% in our most recent quarter, an increase of over 220%. Both CA-Unicenter, our award-winning heterogeneous systems heterogeneous system n. A chemical system that contains various distinct and mechanically separable parts or phases, such as a suspension. management offering, and CA-Ingres, our newly acquired open systems database solution, are positioning CA as a standard in the emerging client-server marketplace." "The demand for reliable mainframe systems software has not abated Abated, an ancient technical term applied in masonry and metal work to those portions which are sunk beneath the surface, as in inscriptions where the ground is sunk round the letters so as to leave the letters or ornament in relief. From 1911 Encyclopædia Britannica as our clients require reliable products to manage their mission-critical processes. We are also very pleased to report that the integration of our ASK and Ingres businesses continues on plan. We have taken software with a great past and given it a great future by sharpening For image sharpening, see . Sharpening is the process of creating or refining a sharp edge on a tool or implement. The term has a wide application but can be expressed as the creation of two intersecting planes which produce an edge that is sharp enough to cut through the target marketing focus and bringing to bear our broad-based broad-based Of or relating to an index or average that provides a good representation of the overall market. The S&P 500 and NYSE Composite are generally regarded as broad-based stock indexes, while the popular Dow Jones Industrial Average is biased experience in technology that runs businesses." From desktop to mainframe, Computer Associates International, Inc. (NYSE:CA) leads the world in client/server software. Guided by CA90s open architecture, 8,000 dedicated employees in 30 countries develop, license and support more than 300 integrated products that include systems and database management, application development, financial and manufacturing applications and consumer solutions. The world's major industrial, government and research organizations depend on CA, whose calendar year 1994 revenues exceeded $2.4 billion. -0-
Computer Associates International, Inc. (NYSE-CA)
Condensed Consolidated Income Statements
Quarter Ended December 31, 1994 1993 Revenue $ 721,032,000 $ 574,380,000 Income before taxes 280,978,000 194,156,000 Net Income 174,206,000 124,188,000 Net Income per Common Share $1.04 $.72 Shares used in computation 167,778,000 171,936,000 Nine Months Ended December 31, 1994(1) 1993 Revenue $1,821,003,000 $1,514,730,000 Income before taxes 353,229,000 378,980,000 Net Income 219,002,000 242,475,000 Net Income per Common Share $1.30 $1.41 Shares used in computation 167,988,000 171,907,000 (1) Includes a write-off of $249,300,000 for purchased research and development. Without this charge, income before taxes would be $602,529,000; net income would be $373,568,000; and net income per share would have been $2.22 (see table below). -0- Earnings Before Charge Quarter Ended December 31, 1994 1993 Revenue $ 721,032,000 $ 574,380,000 Income before taxes 280,978,000 194,156,000 Net Income 174,206,000 124,188,000 Net Income per Common Share $1.04 $.72 Shares used in computation 167,778,000 171,936,000 Nine Months Ended December 31, 1994 1993 Revenue $1,821,003,000 $1,514,730,000 Income before taxes 602,529,000 378,980,000 Net Income 373,568,000 242,475,000 Net Income per Common Share $2.22 $1.41 Shares used in computation 167,988,000 171,907,000 All product names referenced herein are either trademarks or registered trademarks of their respective companies. CONTACT: Computer Associates Deborah Coughlin Vice President - Investor Relations Investor relations The process by which the corporation communicates with its investors. (516) 342-2173 or Robert Gordon For other uses of "Robert Gordon", see Robert Gordon (disambiguation). Robert Gordon (1668-1731), a 17th century merchant and philanthropist, was born in Aberdeen. He was the only son of Arthur Gordon who married Isabella Menzies of Balgownie. Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most (516) 342-2391 |
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