CA technologies reports first quarter fiscal year 2017 results

CA Technologies  today reported financial results for its first quarter fiscal 2017, which ended June 30, 2016. Mike Gregoire, CA Technologies Chief Executive Officer, said, “Following solid performance in fiscal year 2016, I am pleased to report that we are off to a strong start in fiscal year 2017. In the first quarter, revenue grew year-over-year, total new sales were strong and we delivered a solid operating margin. These results improve our confidence in our ability to cross over into modest growth for the full year. Though we recognize that we still have work ahead to reach our potential, we are progressing well on our journey to position CA for sustainable, long-term growth.  Looking ahead, we will continue to be customer-focused and agile as we evolve CA to meet the challenges of an incredibly dynamic technology market. This is reflected in the organizational changes we are announcing today.

ORGANIZATIONAL UPDATE

CA Technologies has agreed with Richard Beckert, Chief Financial Officer, that it is the appropriate time to transition the role, and he retired as CFO from CA Technologies effective July 26.  Beckert joined CA in 2006 during a pivotal time in the Company’s history, and he played an important role in our ongoing transformation.

Kieran J. McGrath, Corporate Controller, has been named interim Chief Financial Officer, reporting to CEO Mike Gregoire.  McGrath, who has been with CA since 2014 as corporate controller, was previously the Finance lead of IBM’s $25B Global Software Business and brings a wealth of financial, operational and transformational management experience.  McGrath will lead CA’s Finance organization while the Company undertakes the process of identifying a new CFO.

Gregoire commented, “I would like to thank Rich for his many contributions to CA and the positive impact he has had on our business.  On behalf of CA we wish Rich much continued success in the future.  Separately, I look forward to working closely with Kieran in the months ahead and have the utmost confidence in his ability to help lead this important evolution.”

CA Technologies also announced that Adam Elster, formerly EVP of Sales, has been named President, Global Field Operations, and that Ayman Sayed, formerly EVP and Chief Product Officer, has been named President, Chief Product Officer.

Gregoire continued, “In these new roles, Adam and Ayman will be responsible for collaborating to ensure that our development and go-to-market efforts are completely aligned to customer and market demand, and that we are positioned to achieve our goal of consistently delivering better, more impactful products to our customers.”