Computer Associates went a long way towards restoring investor confidence, by posting healthy financial results for its second fiscal quarter.
Strong sales of its Unicenter TNG product line helped CA outstrip analysts' estimates for the period ended 30 September 1998, with net income rising eight per cent to $293.9 million, or 52 cents a share. Analysts had expected earnings to remain at last year's 48 cents a share.
Sales also rose, by nine per cent, from $1.12 billion to $1.22 billion, with client/server revenues reaching more than $600 million, including Unicenter, the first time it has accounted for half the company's busines.
The past quarter has been a turbulent one for CA, with share prices hit hard by its earlier warnings of a sales slowdown.
PUBG news and updates: November's Update #23 to bring new Skorpion pistol and changes to blue zone visibility
Genuinely useful side-arm coming to PUBG in Update #23
Asda, Morrisons and Tesco in the frame for checkout facial recognition technology
Research opens up new possibilities for structural batteries, where the carbon fibre forms part of the energy system
Another shape could have indicated hard-to-detect particles