Enterprise software management specialist Computer Associates (CA) was expected to repeat explosive results as it released financial figures for its fourth quarter and the year-end this week.
The company announced last week that figures for the quarter ended 31 March will meet and in some cases overtake analysts' expectations and will continue the software vendor's healthy results in recent quarters.
In the last quarter ended 31 December 1999, CA reported turnover of $1.8bn (£725m), a rise of 33 per cent compared with the same quarter a year earlier.
CA also reported a 38 per cent increase in profit to $936m - up from $678m in the third quarter of 1998. For the nine months ended 31 December, turnover reached $4.64bn, up 28 per cent from the same period in 1998.
At the time of the third-quarter results, Charles Wang, chief executive at CA, stated: "There is an explosion in Internet computing by both the dot coms and the established companies.
"This explosion is driving global demand for highly-scalable and stable IT solutions that power e-business.
"Organisations around the world continue to turn to Computer Associates in record numbers to make their e-business infrastructure safe, secure and available. This is clearly an area where the company continues to excel."
Sanjay Kumar, CA chief operating officer, said: "We are extremely well-positioned to assist our clients in meeting their strategic e-business initiatives. We are also looking forward to expanding our leadership in distributed systems management, distributed applications and e-business services."
CA's fourth-quarter results arrived later than expected due to an analysis of figures from the recent acquisitions of Platinum Technology and Sterling Software. However, the acquisitions were expected to boost CA's profit as the vendor continued to integrate its various product lines.
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