CA Technologies 2Q revenue, earnings up

CA Technologies, the Islandia-based software company, said Wednesday revenues rose by 10 percent and per-share earnings rose by 9 percent in the second fiscal quarter, ended Sept 30, from levels a year earlier.

Revenue was $1.2 billion, compared to $1.09 billion a year earlier, the company said. Earnings were $236 million, or 47 cents a share, up from $222 million, or 43 cents a share, a year earlier. The earnings include a $44-million charge, or six cents a share, for a previously announced workforce reduction of 400 people.

The company has declined to say how many of the job cuts were on Long Island. A spokesman Wednesday said CA employs 1,500 on Long Island out of a worldwide staff of more than 13,000.

Chief executive Bill McCracken said in a statement, "We achieved our objectives for earnings per share, cash and margin for the second quarter. However, we were not pleased with one area, new product sales, relative to our expectations."

As a result, he said, the company had revised its revenue outlook downward, but he said the company also had raised the bottom end of its earnings-per-share guidance to reflect "continued operational efficiency and discipline."

CA said its revenue backlog was $8.07 billion, up 4 percent.

Shares of CA, which reported earnings after the market closed, were down 16 cents to $22.02.