CA unveils fresh CEO and on track Q3 numbers

News

CA unveils fresh CEO and on track Q3 numbers

Simon Quicke

CA is looking forward to its recent investments in cloud computing to start feeding through to the remaining three months of its fiscal year after it announced reasonably stable numbers for Q3.

The software vendor also took the opportunity to announce a change in leadership with William McCracken taking over the role of CEO to replace John Swainson who has retired.

In his statement accompanying the first set of results with his name as CEO attached to them McCraken said that it had performed well year-on-year.

Revenue rose by 8% to $1.12bn and GAAP net income rose by 24% from $208m to $257m for the three months ended 31 December.

"Over the past few months, CA has introduced a number of new and enhanced products in the security, IT management, virtualization and automation spaces and made investments to bolster our cloud computing offerings by acquiring NetQoS," said McCraken.

During the quarter CA splashed out a $200m cash payment for NetQoS, which has bolstered its position in the network management market.

Along with many other vendors the clearest sign that the recovery is kicking in is the return to outlooks for the fiscal year and in that regard CA was upbeat forecasting revenue growth in the range of 2 to 4% around $4.3bn.

Join the conversation Comment

Share
Comments

    Results

    Contribute to the conversation

    All fields are required. Comments will appear at the bottom of the article.