Computer Associates (CA) has turned in third quarter profits in line with analysts' expectations, driven by sales of its Unicenter systems management product.
For the third quarter ended 31 December 1997, the software supplier saw revenues increase by 18 per cent to $1.2 billion. It also showed profits of $339.9 million or $0.62 per share compared with losses of $313.3 million in the same period last year, following a $598 million charge related to the acquisition of Cheyenne Software.
For the three months, sales grew by 15 per cent to $3.3 billion. Profits amounted to $767.6 million or $1.41 per share compared with profits of $29.9 million last time. All per share amounts were adjusted for the three-for-two stock splits, effective from 5 November 1997 and 19 June, 1996.
Sanjay Kumar, CA's president and chief operating officer, said international revenues now made up 33 per cent of the firm's total turnover, and adjusted for the $41 negative foreign exchange impact, grew by eight per cent. US sales increased 30 per cent during the quarter and now make up 67 per cent of turnover.
But, unlike other software suppliers such as Oracle, the company claimed it had seen also good growth in Asia despite the difficult economic conditions.
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And becomes the team's executive chairman to boot