CA Technologies Reports 'Solid' Q4 Financial Results

"We finished fiscal 2012 by delivering a solid fourth quarter," said CEO Bill McCracken in a statement. "In fiscal 2013 we will continue to focus on improving our execution, expanding our presence in large existing enterprise [customers], and winning new accounts in large new enterprises and growth markets."

"We continue to enhance our global partner program, which we launched more than a year ago, to help partners evolve their businesses and adopt new service delivery models," McCracken said.

[Related: CA Putting Cloud Pieces Together ]

For the fourth quarter ended March 31, CA reported sales of $1.19 billion, up 5 percent from $1.13 billion in the same period one year ago. Net income was $211 million, up 12 percent from $188 million one year earlier.

Sales of enterprise solution products in the fourth quarter reached $466 million, up 10 percent from the same period one year ago. Mainframe-related product sales were $629 million, were up only 1 percent, while services revenue was up 13 percent to $93 million.

The company blamed "softness in mainframe capacity and service assurance" sales for the slower mainframe-related growth.

For all of fiscal 2012 ended March 31 the company reported sales of $4.81 billion, up 9 percent from $4.43 billion in fiscal 2011. Net income for the year was $951 million, up 15 percent from $827 million in fiscal 2011.

For the fiscal, year sales of enterprise solution products reached $1.82 billion, up 12 percent from fiscal 2011. Mainframe-related product sales were $2.61 billion, up 5 percent, while services revenue was up 17 percent to $382 million.

For fiscal 2013 CA is forecasting growth of 2 percent to 4 percent, resulting in total revenue of $4.85 billion to $4.95 billion.