CA Technologies today reported financial results for its third quarter of fiscal year 2012, which ended on 31 December, 2011.
| Third Quarter FY12 vs. FY11 (in millions, except share data) |
FY12 | FY11 | Percent Change | Percent Change CC** |
| Revenue | $1,263 | $1,144 | 34% | 24% |
| GAAP Income from continuing operations | $263 | $196 | 34% | 24% |
| Non-GAAP Income from continuing operations* | $319 | $256 | 25% | 18% |
| GAAP Diluted EPS from continuing operations | $0.54 | $0.38 | 42% | 39% |
| Non-GAAPÂ Diluted EPS from continuing operations* | $0.65 | $0.50 | 30% | 28% |
| Cash Flow from continuing operations | $396 | $492 | (20%) | (19%) |
* Non-GAAP income and earnings per share are non-GAAP financial measures, as noted in the discussion of non-GAAP results below. A reconciliation of non-GAAP financial measures to their comparable GAAP financial measures is included in the tables following this news release.
**CC: Constant Currency
The main takeaways from the report is summarised below:
- Revenue $1.263 billion: Up 10% in constant currency and as reported.
- GAAP EPS $0.54: Up 39% in constant currency and 42% as reported.
- Non-GAAP EPS $0.65: Up 28 Percent in constant currency and 30%as Reported
- Single license payment contributes 3 percentage points to revenue growth and $0.05 to GAAP and Non-GAAP EPS growth.
- Cash flow from continuing operations $396 Million: Down 19 Percent in constant currency and 20% as reported.
- Raises full year outlook for GAAP and non-GAAP EPS and adjusts revenue guidance to high end of range; maintains cash flow from continuing operations outlook.
- Enhances capital allocation program, targeting return of $2.5 billion to shareholders through fiscal year 2014.
Read the full report below: