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CA Inc. profit misses consensus by 32.1% in fiscal Q1

CA, Inc. said its normalized net income for the fiscal first quarter ended June 30 was 42 cents per share, compared with the S&P Capital IQ consensus estimate of 61 cents per share.

EPS rose 5.2% year over year from 40 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $173.1 million, compared with $173.8 million in the prior-year period.

The normalized profit margin fell to 17.3% from 17.8% in the year-earlier period.

Total revenue grew on an annual basis to $999.0 million from $977.0 million, and total operating expenses grew year over year to $707.0 million from $676.0 million.

Reported net income came to $195.1 million, or 47 cents per share, compared with $205.9 million, or 47 cents per share, in the year-earlier period.