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CA Inc. profit misses consensus by 34.9% in fiscal Q1

CA, Inc. said its normalized net income for the fiscal first quarter ended June 30 amounted to 36 cents per share, compared with the S&P Capital IQ consensus estimate of 55 cents per share.

EPS decreased 13.8% year over year from 42 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $150.0 million, a decrease of 13.4% from $173.1 million in the prior-year period.

The normalized profit margin dropped to 14.6% from 17.3% in the year-earlier period.

Total revenue increased year over year to $1.02 billion from $999.0 million, and total operating expenses rose 6.2% from the prior-year period to $751.0 million from $707.0 million.

Reported net income decreased 10.2% from the prior-year period to $175.1 million, or 42 cents per share, from $195.1 million, or 47 cents per share.