Computer Associates 2006 Annual Report Download - page 166

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Note 12 — Restatements (Continued)
FISCAL YEAR 2005 UNAUDITED QUARTERLY STATEMENT OF OPERATIONS DATA
Previously
Reported(1) Restated
Previously
Reported(1) Restated
Previously
Reported(1) Restated
Previously
Reported(1) Restated
June 30 September 30 December 31 March 31
(unaudited)
(in millions, except per share data)
Subscription revenue . . . . . . . . . . . . . . . . . . $ 604 $ 611 $ 621 $ 631 $ 650 $ 663 $ 669 $ 682
Total revenue . . . . . . . . . . . . . . . . . . . . . . . 861 868 865 875 917 930 917 930
Cost of professional services . . . . . . . . . . . . 56 57 54 54 57 57 62 62
Selling, general, and administrative . . . . . . . . 311 313 342 344 352 354 341 342
Product development and enhancements. . . . . 174 175 178 179 172 173 180 181
Total expenses before interest and taxes . . . . . 759 763 1,025 1,028 841 844 827 829
Income (loss) from continuing operations
before interest and taxes . . . . . . . . . . . . . . 102 105 (160) (153) 76 86 90 101
Income (loss) from continuing operations
before taxes . . . . . . . . . . . . . . . . . . . . . . 76 79 (184) (177) 47 57 63 74
Tax expense (benefit). . . . . . . . . . . . . . . . . . 29 23 (88) (86) 16 20 47 50
Income (loss) from continuing operations . . . . 47 56 (96) (91) 31 37 16 24
Net income (loss) . . . . . . . . . . . . . . . . . . . . $ 47 $ 56 $ (98) $ (93) $ 31 $ 37 $ 16 $ 24
Basic income (loss) from continuing
operations per share . . . . . . . . . . . . . . . . . $0.08 $0.10 $ (0.17) $ (0.16) $0.05 $0.06 $0.03 $0.04
Diluted income (loss) from continuing
operations per share . . . . . . . . . . . . . . . . . $0.08 $0.09 $ (0.17) $ (0.16) $0.05 $0.06 $0.03 $0.04
(1) Derived from the “restated” column of Note 12 of the Consolidated Financial Statements included in the Company’s Form 10-K/A for the
fiscal year ended March 31, 2005.
Note 13 — Subsequent Events
In May 2006, the Company announced the acquisition of Cybermation, a privately-held provider of enterprise
workload automation solutions, for a total purchase price of approximately $75 million. Cybermation specializes in
software and services that modernize traditional job scheduling solutions and simplify the management of complex
IT infrastructures. The acquisition extends the Company’s workload automation portfolio, which helps customers
unify and simplify their IT environments by automating the scheduling and deployment of workloads across
mainframe and distributed systems.
In June 2006, the Board of Directors authorized a new $2 billion common stock repurchase plan for fiscal year 2007
which will replace the prior $600 million common stock repurchase plan. The Company expects to finance the stock
repurchase plan through a combination of cash on hand and bank financing.
In June 2006, the Company announced the acquisition of MDY Group International, Inc. (MDY), a provider of
enterprise records management software and services. MDY’s solutions help organizations to centrally manage
physical and electronic records distributed across the enterprise, regardless of location or origin. The acquisition
will help CA customers more easily fulfill their company-wide compliance, corporate governance and legal
discovery requirements.
In July 2006, the Company acquired XOsoft, Inc., a privately held company that provided continuous application
availability solutions that minimize application downtime and accelerate time to recovery. The acquisition enables
CA to offer a complete recovery management solution that allows customers to minimize the risk of data loss,
reduce the time spent on backups and expedite recovery of critical business services.
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