Media Alert: CA Technologies to Report First Quarter Fiscal Year 2019 Results After Market Close Today
06 Août 2018 - 4:01PM
Business Wire
CA Technologies (NASDAQ:CA) will report financial results for
its first quarter fiscal 2019, which ended on June 30, 2018, after
the close of the market today. The earnings announcement will be
available on CA Technologies Investor Relations website at
https://investor.ca.com/. The earnings announcement will also be
distributed by Business Wire and will be furnished to the SEC on
Form 8-K.
As previously announced, on July 11, 2018, CA Technologies
entered into a definitive agreement to be acquired by Broadcom Inc.
Subject to customary closing conditions, the transaction is
expected to close in the fourth calendar quarter of 2018.
Due to the pending acquisition, CA Technologies will not host an
earnings conference call with respect to its first quarter fiscal
2019 financial results, nor will it issue financial guidance,
publish supplemental financial tables, or report Annual Recurring
Revenue.
About CA Technologies
CA Technologies (NASDAQ:CA) creates software that fuels
transformation for companies and enables them to seize the
opportunities of the application economy. Software is at the heart
of every business in every industry. From planning, to development,
to management and security, CA is working with companies worldwide
to change the way we live, transact, and communicate – across
mobile, private and public cloud, distributed and mainframe
environments. Learn more at www.ca.com.
Cautionary Statement Regarding Forward-Looking
Statements
Certain statements in this media alert (such as statements
containing the words "believes," "plans," "anticipates," "expects,"
"estimates," "targets" and similar expressions relating to the
future) constitute "forward-looking statements" that are based upon
the beliefs of, and assumptions made by, the Company's management,
as well as information currently available to management. These
forward-looking statements reflect the Company's current views with
respect to future events and are subject to certain risks,
uncertainties, and assumptions. A number of important factors could
cause actual results or events to differ materially from those
indicated by such forward-looking statements, including: the effect
of the announcement or pendency of the proposed acquisition by
Broadcom Inc. of the Company (the “Merger”) on the Company’s
business relationships, operating results and business; the failure
to complete the proposed Merger in a timely manner or at all and
the effects of such failure on the Company’s business, financial
condition, operating results and stock price; the limitations on
the Company’s ability to pursue alternative transactions pursuant
to the provisions of the merger agreement; the ability to achieve
success in the Company’s business strategy by, among other things,
ensuring that any new offerings address the needs of a rapidly
changing market while not adversely affecting the demand for the
Company’s traditional products or the Company’s profitability to an
extent greater than anticipated, enabling the Company’s sales force
to execute renewals within the Company’s existing customer base at
acceptable renewal rates, enabling the Company’s sales force to
expand relationships with the Company’s global customer base and
address opportunities with new customers (for example, in
geographic regions where the Company has underserved, or with chief
information security officers and chief development officers, who
have not been traditional customers) at levels sufficient to offset
any decline in revenue in the Company’s Mainframe Solutions segment
and in certain mature product lines in the Company’s Enterprise
Solutions segment, effectively managing the strategic shift in the
Company’s business model to increase sales through digital sales
forces and indirectly through the Company’s partners, as well as
provide additional Software as a Service offerings, offer
try-and-buy models and refocus the Company’s professional services
and education engagements on those engagements that are connected
to new product sales, without affecting the Company’s financial
performance to an extent greater than anticipated, and effectively
managing the Company’s pricing and other go-to-market strategies,
as well as improving the Company’s brand, technology and innovation
awareness in the marketplace; the failure to innovate or adapt to
technological changes or develop and introduce new software
products and services in a timely and market-accepted manner;
competition in product and service offerings and pricing; the
ability of the Company’s products to remain compatible with
ever-changing operating environments, platforms or third party
products; global economic factors or political events beyond the
Company’s control and other business and legal risks associated
with global operations; the failure to sell and renew license
agreement on a satisfactory basis; the failure to expand partner
programs and failure by the Company’s partners to leverage their
sales channels to drive revenue growth; the ability to retain and
attract qualified professionals; changes in generally accepted
accounting principles, which includes adoption of revenue
recognition requirements under Accounting Standards Codification
Topic 606; the ability to successfully integrate acquired companies
and products into the Company’s existing business; hacking or other
cybersecurity attacks on the Company’s data center, network and
software products, or the IT environments of the Company’s business
partners and customers; the ability to adequately manage, evolve
and protect the Company’s information systems, infrastructure and
processes; general economic conditions and credit constraints, or
unfavorable economic conditions in a particular region, business or
industry sector; risks associated with sales to government
customers; fluctuations in foreign exchange rates; discovery of
errors or omissions in the Company’s software products; the failure
to protect the Company’s intellectual property rights and source
code; access to software licensed from third parties; risks
associated with the use of software from open source code sources;
third-party claims of intellectual property infringement and/or
royalty payments; fluctuations in the number, terms and duration of
the Company’s license agreements, as well as the timing of orders
from customers and partners; potential tax liabilities; changes in
market conditions or the Company’s credit ratings; events or
circumstances that would require the Company to record an
impairment charge relating to the Company’s goodwill or capitalized
software and other intangible assets balances; the failure to
effectively execute on the Company’s announced restructuring
plans; successful and secure outsourcing of various functions to
third parties; the continued payment of dividends and repurchasing
of shares of the Company’s common stock; and other factors
described more fully in the Company’s filings with the United
States Securities and Exchange Commission, such as Quarterly
Reports on Form 10-Q and Annual Reports on
Form 10-K. We do not intend to update these forward-looking
statements, except as otherwise required by law. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date hereof.
Additional Information and Where to Find It
This communication is being made in respect of the proposed
transaction involving CA, Inc. and Broadcom Inc. In connection with
the proposed transaction, CA intends to file relevant materials
with the Securities and Exchange Commission (the “SEC”), including
a proxy statement on Schedule 14A. Promptly after filing its
definitive proxy statement with the SEC, CA will mail the
definitive proxy statement and a proxy card to each stockholder of
CA entitled to vote at the special meeting relating to the proposed
transaction. This communication is not a substitute for the proxy
statement or any other document that CA may file with the SEC or
send to its stockholders in connection with the proposed
transaction. BEFORE MAKING ANY VOTING DECISION, STOCKHOLDERS
OF CA ARE URGED TO READ THESE MATERIALS (INCLUDING ANY AMENDMENTS
OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS IN
CONNECTION WITH THE PROPOSED TRANSACTION THAT CA WILL FILE WITH THE
SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT
INFORMATION ABOUT CA AND THE PROPOSED TRANSACTION. The definitive
proxy statement and other relevant materials in connection with the
proposed transaction (when they become available), and any other
documents filed by CA with the SEC, may be obtained free of charge
at the SEC’s website (http://www.sec.gov) or at CA’s website
(http://www.ca.com) or by contacting CA’s Investor Relations at
traci.tsuchiguchi@ca.com.
Participants in the Solicitation
CA and its directors and executive officers may be deemed to be
participants in the solicitation of proxies from CA’s stockholders
with respect to the proposed transaction with Broadcom. Information
about CA’s directors and executive officers and their ownership of
CA’s common stock is set forth in CA’s proxy statement on Schedule
14A filed with the SEC on June 29, 2018, and CA’s Annual Report on
Form 10-K for the fiscal year ended March 31, 2018, which was filed
with the SEC on May 9, 2018. Additional information regarding the
potential participants, and their direct or indirect interests in
the proposed transaction, by security holdings or otherwise, will
be set forth in the definitive proxy statement and other materials
to be filed with SEC in connection with the proposed
transaction.
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Copyright © 2018 CA, Inc. All Rights Reserved. All trademarks,
trade names, service marks, and logos referenced herein belong to
their respective companies.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180806005383/en/
PressCA TechnologiesRita O’Brien, 631-342-6687Corporate
Communicationsrita.obrien@ca.comorTraci Tsuchiguchi,
650-534-9814Investor Relationstraci.tsuchiguchi@ca.com
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