CA Technologies Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017
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.