Key highlights of the financial results
Revenue declines by 2 per cent in constant currency and 3 per cent
GAAP EPS declines by 7 per cent in constant Currency
Non-GAAP EPS grows by 33 per cent in constant currency
Cash Flow from operations declines by 24 per cent in constant currency
The company executed a total of 17 license agreements with incremental contract values in excess of $10 million each, for an aggregate contract value of $874 million. During the third quarter of financial year 2013, the Company executed a total of 18 license agreements with incremental contract values in excess of $10 million each, for an aggregate contract value of $477 million.
The weighted average duration of subscription and maintenance bookings for the quarter was 3.68 years, compared with 2.97 years for the same period in financial year 2013.
?CA Technologies delivered another solid performance in the third quarter,” said Mike Gregoire, chief executive officer, CA Technologies. “We outperformed on revenue and are pleased with our renewals business and disciplined approach to cost control. We also saw good traction with our recent acquisitions Layer 7 and Nolio, which both had strong performances.?
?While I?m encouraged by our performance in the third quarter, we need to continue to improve our execution across development, marketing and sales,? Gregoire adds. ?Based on our results so far this year, we expect our financial year 2015 revenue growth rate and non-GAAP operating margin to be similar to fiscal year 2014.?
?The company is driving significant improvements in our products and go-to-market, including the release of organic innovation such as CA Cloud Storage for System z and the launch of a new ad campaign in select airports around the world as well as online,? concludes Gregoire.
