Computer Associates 2016 Annual Report Download - page 6

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4 CA Technologies Annual Report 2016
There is no doubt that the business-critical
responsibility of managing increasingly
complex, heterogeneous public, private,
hybrid cloud and on-premises environments
has become an enormous challenge for our
customers. Our combined Enterprise and
Mainframe Solutions businesses put us
in a position to strategically partner with
customers to develop innovative solutions
that solve some of their most complicated
problems that span multiple platforms.
From Agile Management, DevOps and
Security within our Enterprise Solutions
segment and across our portfolio of
Mainframe Solutions, our customers
benefit from the ability of CA to manage
their entire infrastructure stack—across
distributed, cloud and mainframe. This
lowers our customers’ cost of ownership
and shortens the time it takes to resolve
problems. The collaboration between
our Enterprise and Mainframe Solutions
teams enables CA to cost-effectively
bring new innovation to the Mainframe,
which helps to sustain our customers’
commitment to the platform. Tactically,
our combined Enterprise and Mainframe
Solutions businesses simplify technical
and logistical ease and support a seamless
user experience, making it much easier
for customers to manage relative to
coordinating a number of disparate
point-solution vendors. Our customers
consistently benefit from the synergies
between our distributed and mainframe
portfolios.
For our shareholders, our interconnected
lines of business deliver predictable revenue
streams, healthy operating margins, strong
cash flow from operations—or CFFO—and
now an improving ability to grow. In FY16,
we returned over $1 billion of capital to
shareholders in the form of an annual
dividend and share repurchases, including
an accelerated repurchase that effectively
completed our prior $1 billion share
repurchase authorization. Entering into
FY17, we expect to begin repurchases under
our new $750 million share repurchase
program and increase our annual dividend
to $1.02, up from $1.00, as and when
declared by our Board of Directors.
Agile
In fiscal 2016, following our acquisition of
Rally Software Development Corp.
—an Agile leader—we completed the
rollout of Agile across our development
organization. This highly iterative
methodology requires on-going customer
feedback and replaces the more serial
and linear waterfall method of software
development. It brings people together—
both physically and in mindset. It ensures
that we incorporate customer insight early
and throughout development and inspires
the push towards greatness at every step in