By Josh Beckerman
CA Technologies (CA) has agreed to sell backup and recovery
business CA arcserve to private-equity firm Marlin Equity
Partners.
Financial terms weren't disclosed.
CA issued updated fiscal 2015 guidance that reflects the pending
sale, which is slated to close during its fiscal second
quarter.
CA projects revenue of about $4.34 to $4.4 billion for the year,
using June 30 exchange rates. The company's May 15 projection,
which used March 31 exchange rates, was for revenue of about $4.43
billion to $4.49 billion. CA said that on a constant-currency
basis, its projection for a 1% to 2% revenue decline is unchanged
from prior guidance.
CA projects non-GAAP earnings of $2.42 to $2.49 a share,
compared with prior guidance for non-GAAP earnings of $2.45 to
$2.52 per share.
For the year ended March 31, non-GAAP earnings from continuing
operations were $3.07 a share, on revenue of $4.515 billion.
CA said it "continues to sharpen its focus and actively manage
its portfolio, divesting non-core assets and making investments in
areas of core capability."
Technology-focused Marlin Equity Partners has more than $3
billion of capital under management. In a deal announced last week,
Marlin bought performance-management and tax-provisioning software
business Longview Solutions from Exact Holding NV.
Write to Josh Beckerman at josh.beckerman@wsj.com
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