CA Returns Match Quarterly, Yearly Expectations

SAN FRANCISCO (05/15/2000) - Computer Associates International Inc. (CA) today reported fourth-quarter earnings of US$1.13 per share, up 26 percent from 90 cents reported in the same quarter last year, the company said in a statement.

The earnings met Wall Street expectations for the software vendor.

Total earnings for the fourth fiscal quarter ended March 31, 2000, were $551 million, up from $458 million in the same quarter last year.

Revenue for the quarter totaled $2.13 billion, up 31 percent from $1.63 billion in the year-earlier quarter.

For the full fiscal year, CA reported earnings per share of $3.28, up 27 percent from $2.59 from the last fiscal year. Revenue for the year was $6.77 billion, up 29 percent from $5.25 billion from the last fiscal year.

A consensus of analysts polled by First Call/Thomson Financial predicted CA would achieve quarterly earnings of $1.13 per share, and earnings for the year at $3.28.

CA software and services, particularly related to the Internet, were the primary areas of growth for the company, CA executives said. "The Internet continues to drive growth at CA," Charles Wang, CA chairman and chief executive officer, said in today's statement.

[Details to follow]

CA, in Islandia, New York, can be reached at +1-516-342-5224 or at http://www.cai.com/.

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