Profit of Computer Associates rises on lower revenue
Article Abstract:
Computer Associates International Inc, the nation's largest independent software company, reports a 16 percent rise in profits on a 4.2 percent fall in revenue for 3rd qtr 1989. The results reflect the companies purchase of Cullinet Software Inc, which had less than $5 million in sales for the qtr. Computer Associates expects revenue for Cullinet products to improve by 20 to 25 percent in the coming FY, which coupled with the consolidation of the two firms sales teams should help company growth. Analysts say the report is generally good, but that the firm will have to get through one more qtr before the worst is over. Computer Associates stock closes down 37.5 cents at $11.875 a share.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1990
User Contributions:
Comment about this article or add new information about this topic:
Significant drop seen in Computer Associates revenue
Article Abstract:
Computer Associates International Inc reports revenue for 1st qtr 1991 is down significantly from the same period a year ago. Wall Street does not take kindly to the news, sending Computer Associates stock down by nearly 40 percent, to close at $10.25. The company's indicated market value fell to $1.91 billion from $3.07 billion, with more volume than occurred in the whole month of April. Analysts say the firm has had trouble digesting several acquisitions, and its scattered product line lacks focus. Computer Associates' somewhat implausible explanation for the drop is that its sales force spent too much time explaining a new software strategy, and not enough time selling software.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1990
User Contributions:
Comment about this article or add new information about this topic:
Computer Associates profit soared 45% in fiscal 1st quarter; stock price surges
Article Abstract:
Computer Associates International Inc says earnings are up by 45 percent for the company's fiscal 1st qtr, ended Jun 30, 1992. Earnings are $19.3 million, or 11 cents a share, which compares with $13.3 million, or seven cents a share in the same period a year ago. Industry observers had been concerned about a reorganization of Computer Associates' sales force, which took place in Apr 1992. The company's 1st qtr results are reassuring. Computer Associates' stock closed up $2.125, at $13.75, on Jul 22, 1992, on volume of 3.8 million shares.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Modern Office Computer Test: Archives PC. Modern Office Computer Test: Olivetti M20. Modern Office Computer Test - Access Micro
- Abstracts: Prime Computer has plan to go public, halve its debt and shed computer unit. Data General, Prime report major losses
- Abstracts: Compaq rolls out personal computers, claims they challenge minicomputers. Compaq to unveil 3 personal computers, posing big sales challenge for dealers
- Abstracts: A variant of the conditional expectation variance reduction technique and its application to the simulation of GI/G/1 queues
- Abstracts: Phone firms test systems for cable TV. Paging firms scramble as cellular gains