Tech Company Stocks In Q1: Who Gained? Who Lost?
Submitted by Rick Whiting on
CA Technologies
CEO: Michael Gregoire
Dec. 30, 2016: $31.77
March 31, 2017: $31.72
Change: -0.16%
CA Technologies has been reinventing itself with a focus on systems and cloud management, security and DevOps software.
On Jan. 17 CA said it completed its previously announced acquisition of Automic Holding, a provider of business process and IT automation software, for approximately 600 million euros (U.S. $637 million).
In March CA agreed to acquire application security company Veracode for $614 million in cash. The acquisition was completed on April 3.
In January CA reported that revenue in its fiscal 2017 third quarter (ended Dec. 31) was $1.01 billion, down 3 percent from more than $1.03 billion in the same quarter one year earlier. Net income was $208 million, down nearly 7 percent from $223 million one year before.