CA Technologies holds steady

Written by Mark Evans
31/01/2018

CA Technologies has reported financial results for its third quarter fiscal 2018, with strong revenue growth in the third quarter, partly due to recent acquisitions.

Posting revenue of $1.1 billion, a 9 per cent increase over the year-earlier period also took anet loss of $93 million, relatingto a tax charge.

CEO Mike Gregoire noted, “I am confident with the strategic direction of the company and believe that we are on track to achieve long-term sustainable growth.”

Gregoire also pointed to the company’s new offerings and product enhancements as major moves in his intention to place the company as a dominant player in the corporate software sector.