Computer Associates 2011 Annual Report Download - page 40

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The following table sets forth, for the fiscal years indicated, the percentage that the items in the accompanying Consolidated
Statements of Operations bear to total revenue.
2011 2010 2009
PERCENTAGE OF
TOTAL REVENUE FOR THE
YEAR ENDED MARCH 31,
Revenue:
Subscription and maintenance revenue 86% 89% 88%
Professional services 779
Software fees and other 743
Total revenue 100% 100% 100%
Expenses:
Costs of licensing and maintenance 6% 6% 6%
Cost of professional services 767
Amortization of capitalized software costs 433
Selling and marketing 29 28 28
General and administrative 10 11 11
Product development and enhancements 11 11 12
Depreciation and amortization of other intangible assets 444
Other expenses (gains), net ———
Restructuring and other —12
Total expenses before interest and income taxes 72 71 73
Income before interest and income taxes 28 29 27
Interest expense, net 121
Income before income taxes 27 27 25
Income tax expense 999
Income from continuing operations 19% 18% 16%
Note — amounts may not add to their respective totals due to rounding.
Bookings
For fiscal 2011 and 2010, total bookings were $4,888 million and $4,843 million, respectively. Total fiscal 2011 bookings
included a license agreement with one large IT outsourcer for approximately $500 million signed during the fourth quarter of
fiscal 2011. The increase in bookings reflected favorable results for new product sales in connection with software fees and
other bookings (recognized as software fees and other revenue in the current period), which was partially offset by a decrease
in subscription and maintenance bookings for fiscal 2011, as described below. Total new product sales and mainframe
capacity grew in the low single digits for the fiscal year. Within new product and capacity sales in fiscal 2011, the increase in
new distributed products was partially offset by a decrease in mainframe capacity and new mainframe product sales.
Bookings in Europe, Middle East and Africa (EMEA) region declined due to the lower number of scheduled renewals and new
product sales during fiscal 2011. This decline was mostly offset by growth in the United States. We expect the fiscal 2012
renewal portfolio in EMEA to be lower compared to fiscal 2011 and it will take a number of quarters to improve performance
in this region.
For fiscal 2010 and 2009, total bookings were $4,843 million and $5,113 million, respectively. The decrease in bookings was
primarily due to the decrease in subscription and maintenance bookings for fiscal 2010, as described below.
Subscription and maintenance bookings
For the fiscal 2011 and 2010, we added subscription and maintenance bookings of $4,256 million and $4,322 million,
respectively. The decrease in subscription and maintenance bookings was primarily attributable to a decrease in mainframe
new product and capacity sales.
During fiscal 2011, we renewed a total of 56 license agreements with incremental contract values in excess of $10 million
each, for an aggregate contract value of $1,994 million. This includes a license agreement with one large IT outsourcer for
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