CA Inc. CA appear first-quarter budgetary 2019 non-GAAP balance of 54 cents per share, which absent the Zacks Consensus Estimate of 69 cents. Beneath ASC 605, balance of 76 cents witnessed a year-over-year access of 25%. On a connected bill basis, it grew 20% year over year.
CA appear revenues of $938 actor beneath ASC 606, which absent the Zacks Consensus Estimate of $1.050 billion. Beneath ASC 605, the aggregation appear revenues of $1.052 billion, which added 3% on a year-over-year basis. On a connected bill (cc) basis, revenues were up 1% year over year.
The aggregation did not host an balance alarm this division due to its awaiting accretion by Broadcom AVGO.
Quarter Details Revenues from Software licenses and aliment (92.8% of absolute revenues) were $870 million. Beneath ASC 605, revenues of $978 actor added 1%.
Revenues from Professional Services, which contributed the rest, totaled $68 million. The aggregation appear $75 actor of revenues beneath ASC 605 compared with $74 actor in the year-ago quarter.
Moreover, on a articulation basis, revenues from CA’s Mainframe Solutions added 3% on a year-over-year base to $553 million. Revenues from Enterprise Solutions grew 3% on a year-over-year base to $425 million, while Services revenues beneath 1% to ability $74 million.
Geographically, absolute revenues from North America were $600 million, apery 64% of absolute revenues. Beneath ASC 605, revenues were up 1% year over year. International revenues of $338 actor accounted for 36%. Revenues were up 6% beneath ASC 605.
Under ASC 606, CA appear non-GAAP operating assets of $313 actor and non-GAAP operating allowance of 33.3%. Beneath ASC 605, non-GAAP operating assets was $430 million, which added 12% from the year-ago quarter. Moreover, allowance broadcast 400 base credibility (bps) to 41%.
CA Inc. Price, Consensus and EPS Surprise
CA Inc. Price, Consensus and EPS Surprise | CA Inc. Quote
Balance Sheet and Banknote Flow
CA exited the division with banknote and banknote equivalents of $3.328 billion compared with $3.405 billion in the antecedent quarter. The company’s absolute abiding debt (net of accepted portion) came in at $2.510 billion. During the quarter, the aggregation generated $262 actor of banknote breeze from operational activities.
During the quarter, the aggregation broadcast allotment account $107 actor to its shareholders. As of Jun 30, 2018, the aggregation had about $407 actor actual beneath its accepted banal repurchase program. However, the aggregation may not abide with the allotment repurchase affairs after Broadcom’s accord per the acceding of the alliance agreement.
Zacks Rank & Key Picks
CA currently has a Zacks Rank #3 (Hold).
A few better-ranked stocks in the broader technology area are Zillow Group ZG and Verint Systems VRNT, all antic a Zacks Rank #1 (Strong Buy). You can see the complete account of today’s Zacks #1 Rank stocks here.
Long-term balance advance for Zillow and Verint is projected to be 15.4% and 10%, respectively.
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