CA posts losses for Q4, year

Computer Associates International (CA) ended its 2003 fiscal year on a down note, reporting losses for both the fourth quarter and the year.

The Islandia, New York, software company reported a net loss of $US106 million ($US0.18 per share) for the fourth quarter, compared with a net loss of $US238 million ($US0.41 per share) in the same quarter last year, based on US Generally Accepted Accounting Principles (GAAP).

For the year, CA recorded a net loss of $US267 million ($US0.46 per share), compared with a loss of $US1.10 billion ($US1.91 per share) in fiscal 2002.

Revenue was up in the fourth quarter to $US801 million from $US772 million a year earlier. Revenue for the year increased as well, to $US3.12 billion from $US2.96 billion in 2002.

In a statement, CA chairman and chief executive officer, Sanjay Kumar, cited the company's enterprise management technology as well as improvements in CA's business model and licensing plans as reasons for optimism.

CA is predicting flat revenue for the first quarter of fiscal 2004 in the range of $US795 million to $US810 million and annual revenue in the range of $US3.27 billion to $US3.42 billion.

On a per-share basis, CA predicted continued losses of about $US0.03 to $US0.04 for the first quarter and $US0.05 to $US0.10 per share for fiscal year 2004.

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