CA Technologies has reported the financial results for its third quarter fiscal year 2014, ended December 31, 2013. The increase in the Company's third quarter bookings was positively affected by a year-over-year increase in renewals, primarily driven by a four-year contract renewal with a large system integrator for more than $300 million.
Mike Gregoire, Chief Executive Officer, CA Technologies, said, "CA Technologies delivered another solid performance in the third quarter. We outperformed on revenue and are pleased with our renewals business and disciplined approach to cost control.  We also saw good traction with our recent acquisitions Layer 7 and Nolio, which both had strong performances.”
Gregoire continued, “While I’m encouraged by our performance in Q3, we need to continue to improve our execution across development, marketing and sales. Based on our results so far this year, we expect our fiscal year 2015 revenue growth rate and non-GAAP operating margin to be similar to fiscal year 2014.” Â
The Company executed a total of 17 licence agreements with incremental contract values in excess of $10 million each, for an aggregate contract value of $874 million.
During the third quarter of fiscal year 2013, the Company executed a total of 18 licence agreements with incremental contract values in excess of $10 million each, for an aggregate contract value of $477 million.
Cash flow from operations in the third quarter was $429 million, compared with $566 million in the prior year. In this quarter, the Company repurchased more than 4 million shares of stock for $140 million. The Company’s outstanding share count at December 31, 2013 was $443 million.
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