CA Technologies Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended Dec. 31, 2017; Revises Earnings Guidance for the Fiscal Ending March 31, 2018
For the nine months, the company reported total revenue of $3,152 million against $3,024 million a year ago. Income before interest and income taxes was $852 million against $920 million a year ago. Income before income taxes was $778 million against $875 million a year ago. Net income was $269 million against $618 million a year ago. Diluted income per common share was $0.64 against $1.47 a year ago. Non-GAAP income before interest and income taxes was $1,185 million against $1,186 million a year ago. Non-GAAP net income was $833 million against $815 million a year ago. Non-GAAP diluted EPS was $1.98 against $1.94 a year ago.
The company reaffirmed earnings guidance for the fiscal ending March 31, 2018. The company expects projected GAAP diluted EPS range of $1.00 to $1.10, projected non-GAAP diluted EPS range of $2.54 to $2.60, projected GAAP operating margin of 26% to 27%, projected non-GAAP operating margin of 36% to 37%, projected GAAP effective tax rate of 58% to 55% and projected non-GAAP effective tax rate of 25%. Previous guidance was a full-year GAAP and non-GAAP effective tax rate of between 28% and 29%. Previous guidance for GAAP diluted earnings per share was to decrease in a range of 8% to 5% as reported and in constant currency. Previous guidance for non-GAAP diluted earnings per share was to decrease in a range of 2% to flat as reported and in constant currency. Cash flow to increase in a range of 2% to 6% as reported and flat to 4% in constant currency. At December 31, 2017 exchange rates, this translates to reported cash flow from operations of $1.10 billion to $1.15 billion.