Computer Associates (CA), one of the world’s largest independent software companies, today reported financial results for its fourth quarter and full fiscal year 2005, ending March 31, 2005. The software leader has reported $910 million in revenue, an increase of 8 percent from fiscal 2004.
CA generated approximately $738 million in cash from continuing operations in the fourth quarter, compared to the $588 million reported in the similar period last year, an increase of 26 percent. For the year, CA generated $1.53 billion in cash from continuing operations, compared to the $1.28 billion reported in the similar period last year, a 19 percent increase.
New deferred subscription revenue for the fourth quarter increased 84 percent over the prior year period to $1.54 billion, including $50 million from the Company’s indirect channel sales. For the fiscal year, new deferred subscription revenue increased 59 percent over the prior year period to $3.65 billion, including $144 million from the Company’s indirect channel sales. For the year, CA increased bookings from its indirect channel sales by 19 percent over the prior year period.
“In this year of transition, CA continued to report solid financial results while investing to build a strong foundation for growth,” said CA President and Chief Executive Officer John Swainson. “We are focusing on our strengths in systems and security management to advance our leadership position in the enterprise and deliver value to our shareholders.”
“During fiscal year 2005, CA invested heavily in the Arab region to help it better serve customers and to demonstrate a continued commitment to the Arab world,” said Gilbert Lacroix, CA’s vice president and general manager. “We continue to invest in the region; the recently launched support center is already a tremendous success with our customers, and we are developing a channel framework that will ensure customers get the right solutions through dedicated partners. CA is transferring its global knowledge and know-how to its channel partners and this will undoubtedly contribute positively to CA’s ongoing regional success.”
