Computer Associates has reported a third quarter loss in line with the profits warning it issued earlier this month. But the software giant would have turned in a 25 per cent profit increase had it not taken a $598 million hit from its acquisition of Cheyenne Software.
However, Sanjay Kumar, CA?s president and chief executive, told analysts that, while revenues grew 33 per cent in the US during its December quarter, European sales had declined 20 per cent year-on-year.
Revenues for the third quarter were flat, rising to $1.05 billion from $1 billion a year ago, while net losses amounted to $313.3 million compared with profits of $227.2 million for the year-ago quarter.
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