COMPUTER ASSOCIATES RESULTS EXCEED EXPECTATIONS; Billion Dollar Quarter, Revenue Increases 39%.ISLANDIA, N.Y.--(BUSINESS WIRE)--January 17, 1996--Fueled by continuing demand for CA-Unicenter and other client/server solutions, Computer Associates International, Inc. (NYSE NYSE See: New York Stock Exchange : CA) today announced record results for its fiscal third quarter, marking the 17th consecutive quarter of double-digit revenue growth. For the quarter ended December 31, 1995, revenue was $1,004,439,000, an increase of 39% over the $721,032,000 reported in the previous year's third quarter. Net income for the quarter was $227,178,000, an increase of 30% over last year's $174,206,000. Income per share was $.90 compared to $.69 a year ago, adjusted for the August 1995 three-for-two stock split. For the nine months ended December 31, 1995, revenue was $2,394,207,000, an increase of 31% over the $1,821,003,000 reported in the previous year. Net income and income per share, exclusive of a charge for purchased research and development associated with the acquisition of Legent Corporation and a similar charge last year associated with the acquisition of The ASK Group, Inc., were $486,581,000 and $1.92 an increase of 30% over the $373,568,000 and $1.48 for the first nine months of the prior year. After the charges, the net loss and loss per share were $321,453,000 and $1.33 compared with net income of $219,002,000 and income per share of $.87 from the corresponding period last year. "Our results reflect solid, across-the-board financial and marketplace gains" said CA 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. 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. . "While CA-Unicenter continues to set the standard for managing systems in the distributed enterprise, demand for our mainframe, client/server database and business application software remains strong." CA President and COO (Cell Of Origin) See mobile positioning. Sanjay Kumar For the Indian soldier, see . Sanjay Kumar (born Colombo, Sri Lanka, 1962) was the Chairman & CEO of Computer Associates International (now CA, Inc.), until April 2004. He emigrated with his family to the US in 1976 to escape civil unrest in his native Sri Lanka. added, "We're extremely pleased with the results from the quarter, which reflect solid contributions from our operations throughout the world, including Europe and other international sectors. We've made major progress integrating Legent technologies into our product line to help clients manage the distributed enterprise. Our financial position remains strong, and we look forward to the opportunities ahead." Among the quarter's highlights: The integration of Agentworks and other key technologies from Legent Corporation into CA-Unicenter, greatly extending CA's lead in enterprise network and systems management. The announcement of new CA-Unicenter and CA-OpenIngres technologies that provide the first comprehensive solutions for securing and managing Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the and Intranet-based electronic commerce, thus bringing the World Wide Web into the mainstream of enterprise computing Refers to information technology in the larger company. See enterprise data and enterprise networking. . Agreements with Netscape Communications Corporation (company) Netscape Communications Corporation - (Formlerly "Mosaic Communications Corporation", MCC) A company set up in April 1994 by Dr. James H. Clark and Marc Andreessen <marca@netcom. and Microsoft Corporation (company) Microsoft Corporation - The biggest supplier of operating systems and other software for IBM PC compatibles. Software products include MS-DOS, Microsoft Windows, Windows NT, Microsoft Access, LAN Manager, MS Client, SQL Server, Open Data Base Connectivity (ODBC), MS Mail, that further CA's entry into the electronic commerce marketplace. During Charles B. Wang's (CA's Chairman and Chief Executive Officer) October visit to China, the Ministry of Communications, the China National Petroleum Company and China Radio International all indicated their intention to standardize stanĀ·dardĀ·ize v. 1. To cause to conform to a standard. 2. To evaluate by comparing with a standard. on CA software. CA-Unicenter captured Unix Review's "Outstanding Product Award" and swept CIO CIO: see American Federation of Labor and Congress of Industrial Organizations. (Chief Information Officer) The executive officer in charge of information processing in an organization. Magazine's Annual Reader's Choice Awards for the third consecutive year. CA-Manman/X and CA-PRMS led the rest of the industry in Advanced Manufacturing Research's (AMR (1) (Adaptive Multi-Rate) A variable rate speech codec selected by the 3GPP for the 3G evolution of the GSM cellphone system (WCDMA). Using the Algebraic CELP (ACELP) compression technology, AMR provides toll quality sound at transmission rates from 4.75 to 12. ) 1995 Annual Customer Satisfaction Survey. Computer Associates International, Inc. (NYSE: CA), with headquarters in Islandia, N.Y., is the world leader in mission-critical business software. The company develops, licenses and supports more than 500 integrated products that include systems and database management, application development, manufacturing and financial applications. CA has 9,000 people in 130 offices in 36 countries and had revenue of $3.2 billion in calendar year 1995. CA can be reached by visiting its homepage on the worldwide web (http://www.cai.com). -0- All referenced product names are trademarks of their respective companies. -0-
COMPUTER ASSOCIATES INTERNATIONAL, INC.
Earnings Before Charges
(table in thousands, except per share data)
Three Months Nine Months
Ended December 31, Ended December 31,
1995 1994 1995(A) 1994(B)
Revenue $1,004,439 $721,032 $2,394,207 $1,821,003 Income before taxes 364,589 280,978 778,510 602,529 Net Income 227,178 174,206 486,581 373,568 Net Income per Common Share (C) $.90 $.69 $1.92 $1.48 Shares used in computation (C) 253,714 251,667 253,146 252,096 Excludes the write-off of $1,303,280,000 (pre-tax) for purchased research and development associated with the acquisition of Legent Corporation. With this charge, loss before taxes for the nine months would be $524,770,000, net loss would be $321,453,000, and net loss per share would have been $1.33 (see table below). Excludes write-off of $249,300,000 (pre-tax) for purchased research and development associated with the acquisition of The ASK Group, Inc. With this charge, income before taxes would be $353,229,000, net income would be $219,002,000, and net income per share would have been $.87 for the nine months (see table below). Earnings per share and common share amounts have been adjusted to reflect the three-for-two stock split effective August 21, 1995.
Condensed Consolidated Income Statement
(table in thousands, except per share data)
Three Months Nine Months
Ended December 31, Ended December 31,
1995 1994 1995 1994
Revenue $1,004,439 $721,032 $2,394,207 $1,821,003 Income(Loss) before taxes 364,589 280,978 (524,770) 353,229 Net Income(Loss) 227,178 174,206 (321,453) 219,002 Net Income(Loss) per Common Share (C) $.90 $.69 $(1.33) $.87 Shares used in computation (C) 253,714 251,667 241,317 251,982 CONTACT: Doug Robinson
Doug Robinson is a guide and instructor in the Sierra Mountains. - Investor Relations Investor relations The process by which the corporation communicates with its investors. (516) 342-2745 Bob Gordon Bob Gordon may refer to:
(516) 342-2391 |
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