CA Inc. Reports Operating Results (10-Q)

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Jan 29, 2010
CA Inc. (CA, Financial) filed Quarterly Report for the period ended 2009-12-31.

Ca Inc. has a market cap of $11.54 billion; its shares were traded at around $22.35 with a P/E ratio of 14.2 and P/S ratio of 2.7. The dividend yield of Ca Inc. stocks is 0.7%. Ca Inc. had an annual average earning growth of 13.9% over the past 5 years.CA is in the portfolios of Private Capital of Private Capital Management, NWQ Managers of NWQ Investment Management Co, HOTCHKIS & WILEY of HOTCHKIS & WILEY Capital Management LLC, Richard Pzena of Pzena Investment Management LLC, Bill Miller of Legg Mason Value Trust, Bill Miller of Legg Mason Value Trust, Westport Asset Management, Jean-Marie Eveillard of Arnhold & S. Bleichroeder Advisers, LLC, Paul Tudor Jones of The Tudor Group, Bruce Kovner of Caxton Associates, Chuck Royce of ROYCE & ASSOCIATES, Jeremy Grantham of GMO LLC.

Highlight of Business Operations:

For the third quarter of fiscal 2010 and 2009, total bookings were $1,371 million and $1,248 million, respectively. For the first nine months of fiscal 2010 and 2009, total bookings were $3,516 million and $3,780 million, respectively. For the third quarter of fiscal 2010, bookings were greater than the prior year period primarily due to a 5% increase from the favorable effects of foreign exchange and an increase in international bookings, primarily in the Europe, Middle East and Africa region. Bookings for the first nine months of fiscal 2010 were less than the prior year period primarily due to several large contract extensions signed in the second quarter of fiscal 2009 that had terms of approximately five years, two of which added approximately $550 million to subscription and maintenance bookings.

For the third quarter of fiscal 2010 and 2009, we added subscription and maintenance bookings of $1,206 million and $1,113 million, respectively. The increase in subscription and maintenance bookings for the third quarter of fiscal 2010 as compared with the prior year period was primarily attributable to an increase due to a 5% increase from the favorable effects of foreign exchange and an increase in international bookings, primarily in the Europe, Middle East and Africa region. The duration of the weighted average subscription and maintenance bookings increased from 3.10 years in the third quarter of fiscal 2009 to 3.23 years in the third quarter of fiscal 2010. During the third quarter of fiscal 2010, we renewed a total of 16 license agreements with incremental contract values in excess of $10 million each, for an aggregate contract value of $514 million. This is compared with the prior fiscal years third quarter, when we renewed 18 license

agreements with incremental contract values in excess of $10 million each, for an aggregate contract value of $471 million.

For the first nine months of fiscal 2010 and 2009, we added subscription and maintenance bookings of $3,150 million and $3,424 million, respectively. The decrease in subscription and maintenance bookings for the first nine months of fiscal 2010 as compared with the prior year period was primarily due to the aforementioned large contract renewals that were signed in the second quarter of fiscal 2009.

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