Computer Associates International, Inc. Reports Strong Financial Growth in Third Fiscal Quarter

Strategic Insights -

Computer Associates International, Inc., a leading software company, has announced strong financial growth in its third fiscal quarter ended December 31, 1993. The company's net income grew 55% to $124.19 million, or $.72 per share, from $80.21 million, or $.48 per share, for the previous year's corresponding quarter. Revenue increased 15% to $574.38 million, while pre-tax income rose 60% to $194.16 million. For the nine months ended December 31, 1993, net income was $242.48 million, or $1.41 per share, representing a 66% increase over the same period in the previous year. Revenue for the same period was $1.51 billion, an increase of 16% over the prior fiscal year.

Key Takeaways:

  • Computer Associates International, Inc. reported a 55% increase in net income for the third fiscal quarter ended December 31, 1993, with a net income of $124.19 million.
  • Revenue for the quarter increased by 15% to $574.38 million, while pre-tax income rose by 60% to $194.16 million.
  • The company's net income for the nine months ended December 31, 1993, was $242.48 million, or $1.41 per share, a 66% increase over the same period in the previous year.
  • Revenue for the same period was $1.51 billion, a 16% increase over the prior fiscal year.
  • The company plans to launch its CA-Unicenter/Unix product for various client/server environments in the coming weeks.
  • CA-Unicenter is a heterogeneous systems management solution based on CA90s, CA's computing architecture for the 90's.
  • Computer Associates International, Inc. is the only software vendor delivering operational systems management solutions in the rapidly-growing client/server environments.
  • The company's Board of Directors has voted to expand its membership, with Richard P. Grasso, Executive Vice Chairman, President and Chief Operating Officer of the New York Stock Exchange, joining the board.
  • Computer Associates International, Inc. has over 7,000 employees worldwide and serves most of the world's major business, government, research, and educational organizations.

Statistics:

  • Net income growth: 55% (third quarter FY 1993 vs. third quarter FY 1992)
  • Revenue growth: 15% (third quarter FY 1993 vs. third quarter FY 1992)
  • Pre-tax income growth: 60% (third quarter FY 1993 vs. third quarter FY 1992)
  • Net income for nine months ended December 31, 1993: $242.48 million
  • Revenue for nine months ended December 31, 1993: $1.51 billion
  • Percentage increase in revenue for nine months ended December 31, 1993: 16% (vs. prior fiscal year)
  • Number of employees: over 7,000 worldwide

Sources:

  • "Computer Associates International, Inc. Announces Fiscal Third Quarter Results" (press release, December 30, 1993)
  • "Company Profile: Computer Associates International, Inc." (various sources)