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CA Inc. profit misses consensus by 37.5% in fiscal Q2

CA, Inc. said its normalized net income for the fiscal second quarter ended Sept. 30 came to 39 cents per share, compared with the S&P Capital IQ consensus estimate of 62 cents per share.

EPS declined 22.7% year over year from 50 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $161.3 million, a decline of 22.5% from $208.1 million in the year-earlier period.

The normalized profit margin declined to 15.6% from 20.4% in the year-earlier period.

Total revenue grew on an annual basis to $1.03 billion from $1.02 billion, and total operating expenses increased 10.7% from the prior-year period to $743.0 million from $671.0 million.

Reported net income decreased 11.8% from the prior-year period to $183.0 million, or 44 cents per share, from $207.5 million, or 50 cents per share.