CA revenue fails to meet projections

Computer Associates International will fall short of analysts' revenue projections for the current quarter. Instead of the $1.2 billion in revenue Wall Street seers had predicted for the quarter ending Dec. 31, 1996, the New York software provider said revenue will come in at about $1 billion to $1.1 billion.

Computer Associates International will fall short of analysts' revenue projections for the current quarter. Instead of the $1.2 billion in revenue Wall Street seers had predicted for the quarter ending Dec. 31, 1996, the New York software provider said revenue will come in at about $1 billion to $1.1 billion.

Revenue for the comparable quarter last year was $1 billion. CA's president and chief operating officer Sanjay Kumar pinned the shortfall on slow and disappointing European revenue.

"We are in the midst of a transition to new client/server platform opportunities, while decreasing our dependence on the more mature and slower-growing mainframe software market," Kumar explained in a prepared release.

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