|
22 July 2010 ,
Written by Dhruv Tanwar
|
|
CA Technologies has reported financial results for its first quarter ended June 30, 2010.
The company reported revenue of $1.091 billion and EPS $0.43. Operating expenses, before interest and income taxes, were $767 million, and income from continuing operations before interest and income taxes was $324 million. Operating margin was 30 percent.
Cash flow from operations was $117 million. Cash and cash equivalents were $2.476 billion, and with $1.558 billion in total outstanding debt, the company's net position was $918 million. CA Technologies repurchased around two million shares of stock in the first quarter for a total of $40 million, and bought another million shares at a cost of $20 million between July 1 and July 20, 2010.
Reaffirming its outlook for fiscal 2011, the company said it expects total revenue growth in a range of three and five percent, which translates to reported revenue of $4.4 billion to $4.5 billion. It expects diluted earnings per share in the range of $1.51 to $1.63, and cash flow from operations between $1.38 billion to $1.45 billion. |