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CA Inc. profit misses consensus by 36.4% in fiscal Q2

CA, Inc. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to 36 cents per share, compared with the S&P Capital IQ consensus estimate of 56 cents per share.

EPS decreased 25.0% year over year from 47 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $155.6 million, a decrease of 25.7% from $209.4 million in the prior-year period.

The normalized profit margin fell to 16.4% from 19.4% in the year-earlier period.

Total revenue fell 6.9% year over year to $1.00 billion from $1.08 billion, and total operating expenses came to $742.0 million, compared with $745.0 million in the year-earlier period.

Reported net income decreased 27.1% from the prior-year period to $170.4 million, or 39 cents per share, from $233.7 million, or 53 cents per share.