ISLANDIA, N.Y. (AP) -- CA Technologies said Thursday that its fiscal second-quarter net income declined from a year earlier, as the software company recorded weaker subscription and maintenance revenue.
Its adjusted earnings were in line with Wall Street's expectations, but its revised full-year outlook was not. The company's shares slid 5 percent in after-hours trading.
CA Technologies, based in Islandia, N.Y., makes IT management software for companies. It gets much of its revenue from subscriptions and technology upgrades.
The company reported net income of $222 million, or 48 cents per share, for the three months ended Sept. 30. That compares with net income of $236 million, or 47 cents per share, in the prior year quarter, when the number of average shares used to calculate per-share earnings was greater.
Excluding the impact of stock-based compensation and other special times, CA Technologies earned 59 cents per share.
On that basis, the results matched analysts' forecast, according to FactSet.
Revenue in the latest quarter slipped 4 percent to $1.15 billion from $1.2 billion a year earlier. Analysts were expecting $1.17 billion.
CEO Bill McCracken said a weakening global economy elongated sales cycles, which had a negative effect on the company's results.
About 63 percent of the company's revenue came from North America, while the remainder came from its international operations.
Total bookings in the second quarter fell 13 percent to $837 million, due partly to lower new products sales at its enterprise solutions business, mainframe capacity sales and renewals.
Bookings in North America declined 25 percent, while international bookings rose 9 percent.
CA Technologies' enterprise solutions and services segments posted annual increases in revenue during the quarter, while revenue at the company's mainframe business declined.
For the rest of fiscal 2013, the company expects adjusted earnings per share between $2.36 and $2.44, and revenue to range between $4.58 billion and $4.67 billion. Analysts have forecast earnings of $2.48 per share on revenue of $4.76 billion.
CA Technologies' shares ended regular trading up 51 cents, or 2.1 percent, at $24.90. The stock slipped $1.25 to $23.65 in extended trading.