Sluggish start to CA's new fiscal year
Photo credit: Kevin P. Coughlin | CA Technologies' headquarters in Islandia. “It is important for us to get a strong start, and we didn't,” CA's chief executive Bill McCracken said during a call on July 26 with investors. (May 10, 2012)
Software maker CA Inc., Long Island's largest public company by stock market value, said Thursday that it had a slow start to its fiscal year as sales slipped and subscription renewals sagged.
The company, which sells mainframe and storage software to large corporations, said revenue fell 2 percent, to $1.15 billion during April, May and June. The number of renewals for software subscriptions...
