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CA Technologies reports modest drop in sales
Software maker CA Technologies, Long Island's largest public company by stock market value, said on Thursday that its revenue slipped two percent as its international sales sagged.
The company, which sells mainframe and storage programs to large corporations, said revenue fell to $1.15 billion during April, May and June. CA reported a profit of $240 million, virtually unchanged from the same period last year.
The company's North American sales were up one percent, to $726 million. But that increase was overshadowed by a 6 percent drop, to $419 million in revenue, in Asia, Europe and elsewhere.
The Islandia-based company was incorporated in 1974 and went public in 1981. The total value of CA's shares is about $12.3 billion.
CA has about 1,525 employees on Long Island and close to 14,000 employees worldwide, including in Silicon Valley, India and Korea.