CA Earnings: Third Straight Quarter of Rising Profit

S&P 500 (NYSE:SPY) component CA Inc. (NASDAQ:CA) reported net income above Wall Street’s expectations for the fourth quarter. CA is an information technology software and service company that helps organizations manage and secure their IT infrastructures and services.

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CA Earnings Cheat Sheet for the Fourth Quarter

Results: Net income for the computer software rose to $211 million (45 cents per share) vs. $188 million (37 cents per share) in the same quarter a year earlier. This marks a rise of 12.2% from the year-earlier quarter.

Revenue: Rose 5.3% to $1.19 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: CA Inc. reported adjusted net income of 56 cents per share. By that measure, the company beat the mean estimate of 49 cents per share. Analysts were expecting revenue of $1.19 billion.

Quoting Management: “We finished fiscal 2012 by delivering a solid fourth quarter,” said Bill McCracken, CA Technologies chief executive officer. “Fiscal 2012 was a year that further demonstrated CA Technologies progress against its strategic goals and our commitment to consistently delivering innovative solutions and services to our customers, revenue and earnings growth and attractive, sustainable returns to our shareholders.”

Key Stats:

The company has now seen its net income rise for three quarters in a row. In the third quarter, net income rose 31.5% and in the second quarter, the figure rose 6.3%.

The company has now topped analyst estimates for the last four quarters. It beat the mark by 9 cents in the third quarter, by 4 cents in the second quarter, and by 3 cents in the first quarter.

Looking Forward: The average estimate for the first quarter of the next fiscal year remains unchanged at 57 cents a share. For the fiscal year, the average estimate has been unchanged at $2.13 a share.

(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

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