Computer Associates International is one of the world's largest information technology management software companies, unifies and simplifies the management of enterprise-wide IT. The Company's software & expertise unify & simplify complex IT environments in a secure way across the enterprise for greater business results.
ONE CA PLAZA ISLANDIA, NY 11749, USA Phone: 1-800-225-5224 Fax: 631-342-6800 Web: http://www.ca.com
Industry:COMP-SOFTWARE Sector: Computer and Technology Fiscal Year End:March Last Reported Quarter:03/31/12 Next EPS Date:07/18/12
Capital Structure Solvency and Cash Flow
The company reported $496.0 million of cash from operating activities in 3Q11, compared to $342.0 million reported in the year-ago quarter. Cash and cash equivalents at the end of the third quarter were $2.69 billion, up from $$2.53 billion reported in the previous quarter. The company has $1.555 billion in total debt outstanding and its net cash position was $1.130 billion.
For FY11, management expects cash flow from operations to grow in a range of 2% to 7% in constant currency. As of the December 31, 2010 exchange rates, this translates to reported cash flow from operations of $1.40 billion to $1.48 billion.
Share Repurchase
During the quarter, CA repurchased approximately 1.5 million shares at a total consideration of $35.0 million.
The Board of Directors authorized the repurchase of up to $500.0 million worth the company’s common stock, in May 2010.
Dividend
On February 2, 2011 CA announced that the Board of Directors has declared a cash dividend of 4 cents per share and will be paid on March 14, 2011 to the stockholders of record at the close of business on February 14, 2011.
Last edited Mon Feb 21, 2011 11:43 AM by dipayanbhattacharjee (Individual Investor)
Governance Social Responsibility and Employee Relations
Torokina Networks Pty Ltd: On January 25, 2011, CA announced the acquisition of the privately-held Sydney, Australia based telecommunications management solutions provider. The company had earlier worked with CA as partners and independent vendors.
Hyperformix: On November 2, 2010, CA announced the completion of the acquisition of privately held Hyperformix. It is a provider of capacity management software for dynamic physical, virtual and cloud IT infrastructures. The acquisition will help CA to increase its gain in virtualization management.
Arcot Systems Inc.: On October 5, 2010, CA Inc. announced the completion of acquisition of privately held Arcot Systems, Inc. for $200 million in an all cash transaction. The acquisition adds fraud prevention technology and advanced authentication to the company’s Identity and Access Management (IAM) offerings. IAM allows identification and management of data used in an information system.
Last edited Mon Feb 21, 2011 11:44 AM by dipayanbhattacharjee (Individual Investor)
Recent and Upcoming Events
Major Risks
• The future of mainframe software appears lackluster.
• CA faces intense competition across its broad product portfolio.
• Customer dissatisfaction with the company’s new business model could affect its results as contracts are reviewed for renewal.
• CA no longer provides quarterly guidance, which reduces its visibility.
Last edited Mon Feb 21, 2011 11:44 AM by dipayanbhattacharjee (Individual Investor)
Created by: WikiMigrationBot.
Last Modification: Thursday 03 of June, 2010 06:29:13 CDT by WikiMigrationBot.
