CA Technologies announced it is updating its FY14 outlook for GAAP and non-GAAP diluted earnings per share, cash flow from continuing operations, and its GAAP and non-GAAP effective tax rate following completion of an Internal Revenue Service appeals process relating to the examination of its federal income tax returns for fiscal years 2005, 2006 and 2007. The company now expects FY14 GAAP and non-GAAP effective tax rate of approximately 14%. Previously the company expected a FY14 GAAP and non-GAAP effective tax rate of approximately 31%. The company said it expects to record a benefit of approximately $165M-$185M to GAAP income in Q1 from the reversal of the previous accounting accrual related to this matter. The benefit will affect non-GAAP income over the course of FY14. The company also expects to receive a cash refund of approximately $70M-$80M by the end of Q2.