Cloud Computing: CA To Lay Off 1,200 Employees, Consolidate DevOps
May 9, 2013
Grazed from CRN. Author: Rick Whiting.
CA Technologies will lay off approximately 1,200 employees worldwide and consolidate its development operations after the company reported disappointing fourth-quarter financial results. The company expects to carry out the majority of the cutbacks by the end of the current quarter in June and will take a charge of approximately $150 million in fiscal 2014 to cover those costs.
CA reported revenue of $1.15 billion for the fourth quarter ended March 31, a decline of 3 percent from $1.18 billion in the same period one year earlier. Income from continuing operations was $242 million, up 15 percent from $211 million last year…
For all of fiscal 2013, CA reported revenue of $4.6 billion, down 4 percent from $4.8 billion in fiscal 2012. Income from continuing operations for the year was $955 million, up 2 percent from the previous fiscal year. "The traditional ways we’ve looked at systems, data, applications and security are being challenged by disruptive technologies like mobility, cloud, SaaS and big data," CEO Mike Gregoire said in a statement…
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