CA Hands Over Documents To SEC For Investigation

CA for the first time also confirmed that it turned over documents to federal investigators.

"The company has produced documents and information in response to a request for the voluntary production of documents, and understands that third parties have received subpoenas from the SEC for documents issued pursuant to a formal order of investigation," CA said in its filing.

The SEC and the U.S. Attorney's Office are jointly conducting the investigation, which was launched in February as an informal inquiry.

"The investigation appears generally to be focusing on issues relating to the company's historical revenue-recognition policies and practices," CA said in the filing.

Most solution providers remain bullish on CA.

"I don't think there's going to be any change in the way we do business with CA or our customers do business with us," said Javed Matin, CEO of Myriad Solutions, a solution provider based in Silver Spring, Md.

The filing came one day after CA reported a narrowed earnings loss and increased revenue for its fourth quarter.

"We continue to believe that our historical accounting practices were consistent with [generally accepted accounting principles and what was required of us, and look forward to having those matters behind us," said Sanjay Kumar, CA's president and CEO, during a conference call to discuss the company's financial results.

For the quarter ended March 31, CA reported a loss of $238 million, or 41 cents per share, compared with a loss of $410 million, or 71 cents per share, for the same quarter a year ago.

Revenue for the quarter increased to $772 million, up from $730 million for the same quarter last year.