CA, Compuware Deliver Q3 Results
Two leading vendors in the IT systems and performance management tools fraternity, CA and Compuware, have released quarterly earnings results and shed light on future plans for their respective product and services strategies. CA announces its new CEO and Compuware looks ahead to future plans including a focus on the cloud environment.Two leading vendors in the IT systems and performance management tools fraternity, CA and Compuware, have released quarterly earnings results and shed light on future plans for their respective product and services strategies. On Jan. 28, both CA and Compuware announced third-quarter earnings. In addition, CA announced the appointment of William McCracken as its CEO.
"Over the past five months, Bill has helped direct the day-to-day management of CA and has been integral in developing and executing the strategy to position the company for market leadership," said Gary Fernandes, lead independent director at CA, who headed the board search committee, in a statement. "We had the benefit of watching him lead the company and it became evident to us that Bill McCracken has the knowledge, industry expertise and experience to take CA to the next level. The board unanimously decided that Bill was the best choice to sustain the company's momentum and lead it going forward."
??Ã First, while still in early stages, we made progress getting our EMEA and Services businesses back on track. ??Ã Second, Security - our Identity and Access Management business reported record new product sales. ??Ã Third, Clarity - our project and portfolio management solution - had one of its best quarters ever, with more than 40 new customers added in North America alon ??Ã Fourth, Mainframe 2.0 and our initiatives designed to change mainframe management continue to drive momentum in the business. Since its introduction in May, mainframe software manager - the first deliverable in the Mainframe 2.0 initiative - has been deployed by more than 150 customers. ??Ã And, finally, our application performance management business recorded its strongest quarterly performance ever. CA Wily now manages the world's most mission critical business services, including nine of the world's top 10 banks, the world's top 10 telecoms and the world's top four entertainment companies.Meanwhile, also reporting its third quarter earnings, Compuware saw software license fees of $52 million compared to $53.1 million (excluding divested products) and $60.5 million (as reported) in the third quarter last year. Maintenance and subscription fees were $117.6 million in the third quarter compared to $108.5 million (excluding divested products) and $116.6 million (as reported) in the third quarter last year. Revenue from professional services in the third quarter was $60.3 million, compared to $91.5 million in the same quarter last year. "Compuware's third quarter performance featured solid execution against each of our key growth drivers, as well as strong profitability and cash flow," said Compuware President and Chief Operating Officer Bob Paul, in a statement. "Our strategy of streamlining operations and increasing focus on areas where we have industry leadership is working, and Compuware is well-positioned to deliver continued progress in financial performance."