Oct 27, 2002 (07:10 PM EST)
CA Cuts 2Q Loss, While BMC Goes In The Red
Read the Original Article at InformationWeek
Computer Associates cut its loss for its second quarter ended Sept. 30, blaming reluctant customers for its not doing better. CA's $52 million net loss was an 82% improvement over the same quarter a year ago. Revenue of $772 million was a 5% increase over the year-ago period.
BMC Software Inc. did well enough to increase its breadth of coverage in its second quarter with the acquisition of problem-ticketing vendor Remedy, says analyst Anne Skamarock at Enterprise Management Associates. But the purchase cost BMC in the near term: It took a loss of $53.3 million for the quarter ended Sept. 30, compared with a profit of $10.1 million a year earlier, on revenue of $291.2 million, slightly less than a year ago.