CA Technologies holds steady

Written by Mark Evans

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.