CA Technologies has reported that its total revenue for the fourth quarter, ending March 31, 2011 was $1.128 billion. The company clocked total FY2011 revenues of $4.429 billion, up five percent from the last fiscal. While revenues in North America were reported at $2.694 billion, up eight percent from last fiscal, the company’s international revenues were up one percent and clocked at $1.735 billion.
In the last year, CA Technologies renewed a total of 68 license agreements with incremental contract values in excess of $10 million each, for an aggregate contract value of $2.146 billion. Some of the other highlights of fiscal 2010 included the Board of Directors approving a new $500 Million Stock Repurchase Plan and increasing dividend by 25 percent. The company also announced a five-year, $500 million deal with a large IT outsourcer. It also made an agreement to sell its Internet security business. Additionally, current CFO, Nancy Cooper has also announced her decision to retire.
As part of its outlook for fiscal year 2012, CA Technologies is looking at a revenue growth of six-eight percent in constant currency, translating to $4.8 billion to $4.9 billion as reported.
By TelecomLead.com Team