CA Technologies rejoins Fortune 500
Long Island, after a year of having only two entries on the Fortune 500, again has three.
Fortune magazine Monday released its annual list of the nation's largest public companies based on 2012 revenue, and CA Technologies is back on it after a two-year absence.
The Islandia-based computer software provider ranked 499th, with sales of $4.8 billion. It fell short of the cutoffs for the 2011 and 2012 lists. "It is a wonderful reflection of the hard work of our employees worldwide, and of our ability to translate that effort to helping our customers," said CA official Jennifer Hallahan.
With Arrow's departure, the biggest local company, based on revenue, continues to be Henry Schein Inc. The Melville-based medical products distributor moved up seven spots to 296th, with sales of $8.9 billion last year.
"To climb more than 190 spots on the Fortune 500 list in less than a decade is a testament to our success in executing on our strategic plan," said chief executive Stanley M. Bergman. He also said the business hopes to top $10 billion in sales by 2015.
The other local entry was Cablevision Systems Corp., which placed 382nd, down 34 spots from last year. The Bethpage-based communications company, which owns Newsday, reported revenue of $6.7 billion in 2012.
A Cablevision official declined to comment Monday. Company filings show its lower place on the Fortune list, year over year, was because of the June 2011 spinoff of AMC Networks from Cablevision. Both Cablevision and AMC are controlled by the Dolan family.
In the competition among states, New York again lagged behind California but tied with Texas. Fifty-two public companies on the list called the Empire State home, up two from last year. California had 54.
Discount retailer Wal-Mart Stores Inc. of Bentonville, Ark., with sales of $469.2 billion, unseated petroleum giant Exxon Mobil of Irving, Texas, with sales of $449.9 billion, as the country's largest company. The two have traded top honors several times over the past decade.