Computer Associates International said Wednesday that it met its sales forecast in the quarter ended Sept. 30 but will post a loss for the quarter as it absorbs restructuring charges and the US$225 million it agreed to pay shareholders in compensation for its accounting violations.
CA said its revenue for the quarter, the second of its 2005 fiscal year, was in the US$830 million to US$850 million range. The consensus forecast of analysts polled by Thomson First Call is for revenue of US$841.3 million. Excluding special charges, CA said it expects per-share earnings of US$0.16, in line with analysts' expectations.
Including charges, CA anticipates a per-share loss of US$0.23. That figure includes acquisition amortization along with the settlement charge and US$25 million that CA spent in the quarter on layoffs. CA said last week it would cut 800 positions, about 5 percent of its worldwide work force, to reduce its operating costs.