Dealer:
<< CA Warns-The latest from BRIEFING.COM
by: bluelight2002 10/3/00 5:32 pm
Msg: 24089 of 24093
Computer Assoc (CA) 24 7/16 -7/16: -- Update -- Company warns for Q2; sees EPS of $0.50-0.54; current EPS estimate is $0.56. >>
Here is what they have said:
ISLANDIA, N.Y., Oct 3, 2000 /PRNewswire via COMTEX/ -- Computer Associates International, Inc. CA today reported preliminary results indicating that it expects total contract value for the second quarter ending September 30, 2000 to be between $1.67 billion and $1.70 billion, exceeding the $1.605 billion recorded in the second quarter of last year, and the $1.278 billion recorded last quarter. Total contract value, excluding the negative impact of foreign currency, is expected to be in the range of $1.705 to $1.735. CA expects operating earnings per share, which excludes the effect of acquisition amortization, to be in the range of $.50 to $.54. Analysts' expectations varied widely due to market uncertainty with respect to the enterprise software marketplace.
"We are very pleased with our performance given the current business environment," said Sanjay Kumar, CA's President and Chief Executive Officer. "As preliminary results would indicate, the entire CA team pulled together to deliver approximately $400 million of sequential growth in contract value quarter over quarter. Our software products and services continue to deliver tremendous value to customers around the globe, as more and more enterprises turn to CA to support their mission critical eBusiness requirements. While we are pleased with the progress that we have made against our recovery plan, we intend to stay focused on the challenges and opportunities that are ahead."
CA emphasized that results are preliminary in nature and could vary when CA reports final results on the evening of October 24, 2000. |
