CA Technologies reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, the company reported total revenue of $1,007 million compared to $1,034 million a year ago. Income from continuing operations before interest and income taxes was $308 million compared to $293 million a year ago. Income from continuing operations before income taxes was $292 million compared to $278 million a year ago. Net income was $208 million or $0.50 per basic and diluted share compared to $223 million or $0.53 per basic and diluted share a year ago. Net cash provided by operating activities - continuing operations was $517 million compared to $332 million a year ago. Purchases of property and equipment were $14 million compared to $11 million a year ago. Non-GAAP income from continuing operations was $263 million compared to $268 million a year ago. Non-GAAP diluted EPS from continuing operations was $0.63 compared to $0.63 a year ago. Total revenue decreased due to decline in subscription and maintenance revenue, professional services revenue and software fees and other revenue.

For the nine months, the company reported total revenue of $3,024 million compared to $3,016 million a year ago. Income from continuing operations before interest and income taxes was $920 million compared to $856 million a year ago. Income from continuing operations before income taxes was $875 million compared to $820 million a year ago. Net income was $618 million or $1.47 per basic and diluted share compared to $609 million or $1.40 per basic and diluted share a year ago. Non-GAAP income from continuing operations was $815 million compared to $798 million a year ago. Non-GAAP diluted EPS from continuing operations was $1.94 compared to $1.83 a year ago.

The company provided earnings guidance for the year ending March 31, 2017. For the year, the company expects GAAP diluted EPS from continuing operations range of $1.80 to $1.85, non-GAAP diluted EPS from continuing operations range of $2.42 to $2.47, GAAP operating margin of 28% and non-GAAP operating margin of 37%. Total revenue to be flat as reported and to increase in a range of flat to plus 1% in constant currency. At December 31, 2016 exchange rates, this translates to reported revenue of $4.01 billion to $4.03 billion. At December 31, 2016 exchange rates, this translates to reported cash flow from continuing operations of $0.99 billion to $1.03 billion. The company also expects a full-year GAAP and non-GAAP effective tax rate of between 28% and 29% unchanged from previous guidance.