CA Inc. Beats on Top line; EPS In-Line (CA)

CA Inc. CA reports Q1 EPS $0.42 vs consensus of $0.42. CA Inc. reports Q1 revenue $1.09 billion vs consensus of $1.06 billion. Revenues were higher by 3% year over year on a constant currency basis. The company also reaffirmed 2011 cash and fiscal year outlook. CA Inc. said that GAAP diluted earnings per share growth in constant currency would be in a range of 5 percent to 13 percent, which is a 2% increase on the top end of previous guidance. At June 30, 2010 exchange rates, this translates to reported diluted earnings per share of $1.51 to $1.63. Cash and cash equivalents were $2.476 billion. With $1.558 billion in total debt outstanding, the Company's net cash position was $918 million. Shares of CA were higher by 1.39% in the after-hours trade. CA, Inc. (CA) is an independent enterprise information technology (IT) software and service company with capabilities across IT environments from mainframe and physical to virtual and cloud. CA develops and delivers software and services that help organizations to manage and secure their IT infrastructures and deliver flexible IT services.