-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TjHz2iwoe7IyauO+wHyV+xU7odJNVlFuOCjIGPGy8ebDEtrsv7pVuiTTygwJjNv2 qAp/hd6tYzQXO/0gAmHUCg== 0000356028-98-000004.txt : 19980206 0000356028-98-000004.hdr.sgml : 19980206 ACCESSION NUMBER: 0000356028-98-000004 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19971231 FILED AS OF DATE: 19980205 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: COMPUTER ASSOCIATES INTERNATIONAL INC CENTRAL INDEX KEY: 0000356028 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 132857434 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 10-Q SEC ACT: SEC FILE NUMBER: 001-09247 FILM NUMBER: 98522904 BUSINESS ADDRESS: STREET 1: ONE COMPUTER ASSOCIATES PLAZA CITY: ISLANDIA STATE: NY ZIP: 11788 BUSINESS PHONE: 5163425224 10-Q 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q X Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended December 31, 1997 Or Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period ended from _____ to _____ Commission File Number 0-10180 Computer Associates International, Inc. (Exact name of registrant as specified in its charter) Delaware 13-2857434 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) One Computer Associates Plaza Islandia, New York 11788-7000 (Address of principal executive offices) (Zip Code) (516) 342-5224 (Registrant's telephone number, including area code) Not applicable (Former name, former address and former fiscal year, if changed since last report) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days. Yes X No APPLICABLE ONLY TO CORPORATE ISSUERS: Indicate the number of shares outstanding of each of the issuer's classes of Common Stock, as of the latest practicable date: Title of Class Shares Outstanding Common Stock as of January 31, 1998 par value $.10 per share 546,049,568 COMPUTER ASSOCIATES INTERNATIONAL, INC. AND SUBSIDIARIES INDEX PART I. Financial Information: Page No. Item 1. Consolidated Condensed Balance Sheets December 31, 1997 and March 31, 1997 1 Consolidated Statements of Income Three Months Ended December 31, 1997 and 1996 2 Consolidated Statements of Income Nine Months Ended December 31, 1997 and 1996 3 Consolidated Condensed Statements of Cash Flows Nine Months Ended December 31, 1997 and 1996 4 Notes to Consolidated Condensed Financial Statements 5 Item 2. Managements Discussion and Analysis of Financial Condition and Results of Operations 9 PART II. Other Information: Item 6. Exhibits and Reports on Form 8-K 13 1 Item 1: Part I. FINANCIAL INFORMATION COMPUTER ASSOCIATES INTERNATIONAL, INC. AND SUBSIDIARIES CONSOLIDATED CONDENSED BALANCE SHEETS (In millions)
December 31 March 31, 1997 1997 ----------- --------- (Unaudited) ASSETS: Cash and cash equivalents $175 $143 Marketable securities 60 56 Trade and installment accounts receivable 1,720 1,514 Inventories and other current assets 71 67 ----- ----- TOTAL CURRENT ASSETS 2,026 1,780 ===== ===== Installment accounts receivable, due after one 2,406 2,200 Property and equipment 457 438 Purchased software products 315 440 Excess of cost over net assets acquired 1,116 1,159 Investments and other noncurrent assets 109 67 ----- ----- TOTAL ASSETS $6,429 $6,084 ===== ===== LIABILITIES AND STOCKHOLDERS' EQUITY: Loans payable - banks $540 $540 Other current liabilities 1,259 1,187 Long-term debt 1,258 1,663 Deferred income taxes 925 853 Deferred maintenance revenue 324 338 Stockholders' equity 2,123 1,503 ----- ----- TOTAL LIABILITIES & STOCKHOLDERS' EQUITY $6,429 $6,084 ===== ===== See Notes to Consolidated Condensed Financial Statements.
2 COMPUTER ASSOCIATES INTERNATIONAL, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (In millions, except per share amounts)
For the Three Months Ended December 31, -------------------- 1997 1996 ---- ---- Product revenue and other related income $1,056 $ 869 Maintenance fees 183 184 ----- ----- TOTAL REVENUE 1,239 1,053 ===== ===== Costs and expenses: Selling, marketing and administrative 432 345 Product development and enhancements 90 81 Commissions and royalties 61 51 Depreciation and amortization 83 97 Interest expense - net 29 27 Purchased research and development 0 598 ----- ----- TOTAL COSTS AND EXPENSES 695 1,199 ----- ----- Income (Loss) before income taxes 544 (146) Provision for income taxes 204 167 ----- ----- NET INCOME (LOSS) $340 $(313) ===== ===== BASIC EARNINGS (LOSS) PER SHARE $.62 $(.57) ===== ===== Basic weighted average shares used in computation* 546 548 DILUTED EARNINGS (LOSS) PER SHARE $.60 $(.57) ===== ===== Diluted weighted average shares used computation* 568 548 *Shares and per share amounts adjusted for three-for-two stock splits effective November 5, 1997 and June 19, 1996. See Notes to Consolidated Condensed Financial Statements.
3 COMPUTER ASSOCIATES INTERNATIONAL, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (In millions, except per share amounts)
For the Nine Months Ended December 31, ------------------ 1997 1996 ---- ---- Product revenue and other related income $2,707 $2,272 Maintenance fees 545 563 ----- ----- TOTAL REVENUE 3,252 2,835 Costs and expenses: Selling, marketing and administrative 1,242 1,070 Product development and enhancements 269 232 Commissions and royalties 160 143 Depreciation and amortization 263 323 Interest expense - net 90 70 Purchased research and development 0 598 ----- ----- TOTAL COSTS AND EXPENSES 2,024 2,436 ===== ===== Income before income taxes 1,228 399 Provision for income taxes 461 369 ----- ----- NET INCOME $ 767 $ 30 ===== ===== BASIC EARNINGS PER SHARE $ 1.41 $ .05 ===== ===== Basic weighted average shares used in computation* 546 547 DILUTED EARNINGS PER SHARE $ 1.36 $ .05 ===== ===== Diluted weighted average shares used computation* 566 570 *Shares and per share amounts adjusted for three-for-two stock splits effective November 5, 1997 and June 19, 1996. See Notes to Consolidated Condensed Financial Statements.
4 COMPUTER ASSOCIATES INTERNATIONAL, INC. AND SUBSIDIARIES CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) (In millions)
For the Nine Months Ended December 31, ------------------- 1997 1996 ---- ---- OPERATING ACTIVITIES: Net income $767 $30 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 263 323 Provision for deferred income taxes 180 168 Charge for purchased research and development 598 Compensation expense related to stock and pension plans 21 23 Increase in noncurrent installment accounts receivable (281) (491) Decrease in deferred maintenance revenue (6) (59) Changes in other operating assets and liabilities excludes effects of acquisitions effects of acquisitions (300) (94) ----- ----- NET CASH PROVIDED BY OPERATING ACTIVITIES 644 498 INVESTING ACTIVITIES: Acquisitions, primarily purchased software, marketing rights and intangibles (39) (1,136) Purchase of property and equipment (61) (22) (Increase)decrease in current marketable securities (4) 63 Capitalized development costs (15) (14) ----- ----- NET CASH USED IN INVESTING ACTIVITIES (119) (1,109) FINANCING ACTIVITIES: Repayment of borrowings - net (406) 722 Dividends paid (18) (17) Exercise of common stock options/other 55 39 Purchases of treasury stock (116) (32) ----- ----- NET CASH USED IN FINANCING ACTIVITIES (485) 712 INCREASE IN CASH AND CASH EQUIVALENTS BEFORE EFFECT OF EXCHANGE RATE CHANGES ON CASH 40 101 Effect of exchange rate changes on cash (8) 1 ----- ----- INCREASE IN CASH AND CASH EQUIVALENTS 32 102 CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 143 97 ----- ----- CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 175 $ 199 ===== ===== See notes to Consolidated Financial Statements.
5 OKO COMPUTER ASSOCIATES INTERNATIONAL, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS DECEMBER 31, 1997 NOTE A -- BASIS OF PRESENTATION The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the nine months ended December 31, 1997 are not necessarily indicative of the results that may be expected for the fiscal year ending March 31, 1998. For further information, refer to the consolidated financial statements and footnotes thereto included in Computer Associates International, Inc.s (the Registrant or the Company) Annual Report on Form 10-K for the fiscal year ended March 31, 1997. Cash Dividends: In December 1997, the Companys Board of Directors declared its regular, semi-annual cash dividend of $.04 per share. The dividend was paid on January 5, 1998 to stockholders of record on December 19, 1997. Stock Split: On October 21, 1997 the Company declared a three-for-two stock split in the form of a stock dividend, to be distributed November 26, 1997 to shareholders of record as of November 5, 1997. Shares and per share amounts have been adjusted to reflect this stock split as well as the three-for-two split effective June 19, 1996. Statements of Cash Flows: For the nine months ended December 31, 1997 and 1996, interest payments were $99 million and $55 million respectively, and income taxes paid were $285 million and $165 million, respectively. 6 COMPUTER ASSOCIATES INTERNATIONAL, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS DECEMBER 31, 1997 NOTE A -- BASIS OF PRESENTATION (Continued) Net Income per Share: The Company adopted the Financial Accounting Standards Board Statement of Financial Accounting Standards (SFAS) No. 128, Earnings per Share, for the period ended December 31, 1997. SFAS No. 128 requires the Company to present basic and diluted earnings per share (EPS) on the face of the income statement. Basic earning per share is computed by dividing net income by the weighted-average number of common shares outstanding for the period. Diluted earnings per share is computed by dividing net income by the sum of the weighted-average number of common shares outstanding for the period end plus the assumed exercise of all dilutive securities, such as stock options. Diluted earnings per share for the periods presented is not materially different for Net Income per share reported under Accounting Principles Board Opinion No. 15. (In millions, except per share amounts)
For the Three Months For the Nine Months Ended December 31, Ended December 31, -------------------- ------------------- 1997 1996 1997 1996 ---- ---- ---- ---- Net Earnings (Loss) 340 (313) 767 30 ===== ===== ===== ===== Diluted Earnings Per Share Weighted average shares outstanding and common share equivalents 568 548 566 570 Diluted Earnings Per Share $ 0.60 $(0.57) $ 1.36 $ 0.05 ===== ===== ===== ===== Diluted Share Computation: Average common shares outstanding 546 548 * 546 547 Average options outstanding - net 21 - 19 23 1995 Key Employee Stock Ownership Plan average shares outstanding 1 - 1 - ----- ----- ----- ----- Weighted average shares Outstanding and common share equivalents 568 548 * 566 570 ===== ===== ===== ===== * For the three months ended December 31, 1996 the Company reported a net loss. Common share equivalents are anti dilutive and are, therefore, not reported.
7 COMPUTER ASSOCIATES INTERNATIONAL, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS DECEMBER 31, 1997 NOTE B -- ACQUISITIONS On November 11, 1996, the Company acquired 98% of the issued and outstanding shares of common stock of Cheyenne Software, Inc. (Cheyenne), and on December 2, 1996 merged into Cheyenne one of its wholly owned subsidiaries. The aggregate purchase price of approximately $1.2 billion was funded from drawings under the Companys $2 billion credit agreements. Cheyenne was engaged in the design, development, marketing, and support of storage, management, security and communications software for desktops and distributed enterprise networks. The acquisition was accounted for as a purchase. The results of Cheyennes operations have been combined with those of the Company since the date of acquisition. The Company recorded a $598 million after-tax charge against earnings for the write-off of purchased Cheyenne research and development technology that had not reached the working model stage and had no alternative future use. The research and development charges recorded are generally based upon a discounted cash flow analysis. The following table reflects pro forma combined results of operations(unaudited) of the Company and Cheyenne on the basis that the acquisition had taken place and the related after-tax charge, noted above, was recorded at the beginning of fiscal year 1997: (In millions, except per share amounts)
For the Nine Months For the Three Months Ended December 31, Ended December 31, ------------------- -------------------- Revenue $2,950 $1,066 Net (loss) income (26) 270 Basic earnings per common share $ (.05) $ .49 Shares used in computation 547 548 Diluted earnings per common share $ (.05) $ .47 Shared used in computation 547 572
In managements opinion, the pro forma combined results of operations are not indicative of the actual results that would have occurred had the acquisitions been consummated at the beginning of fiscal year 1997 or of future operations of the combined companies under the ownership and operation of the Company. 7 COMPUTER ASSOCIATES INTERNATIONAL, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS DECEMBER 31, 1997 NOTE C -- THE 1995 KEY EMPLOYEE STOCK OWNERSHIP PLAN Under the 1995 Key Employee Stock Ownership Plan (the 1995 Plan) a total of 20.25 million restricted shares were available for grant to three key executives. In January 1996, 1.35 million shares of the initial grant of 6.75 million shares vested, subject to the continued employment of the key executives through March 31, 2000. Accordingly, the Company began accruing the compensation expense associated with these 1.35 million shares over the employment period. Additional grants of 13.5 million shares are available under the 1995 Plan and have been reserved pending the achievement of certain price targets in the fiscal year ending March 31, 2000. The additional grants and the unvested portion of the initial grant are subject to risk of forfeiture through March 31, 2000. However, if the closing price of the Companys common stock on the NYSE exceeds $53.33 for 60 trading days within any twelve month period, all 20.25 million shares vest immediately and will no longer be subject to forfeiture. In such event, the Company will be required to record a one time, non-cash charge of approximately one billion dollars. Furthermore, the addition of up to the 20.25 million shares to the companys weighted-average number of common shares outstanding would have a negative impact on future basic and diluted earnings per share. At the election of the executives, the total number of shares vested may be reduced to pay any applicable taxes. The shares granted will continue to be subject to significant limitations on transfer during the seven years following vesting. All references to the number of shares available and reserved for grant, as well as share prices have been adjusted to reflect three-for-two stock splits effective November 1997, June 1996 and August 1995. 8 Item 2: MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Statements in this Form 10-Q concerning the companys future prospects are forward looking statements under the federal securities laws. There can be no assurances that future results will be achieved and actual results could differ materially from forecasts and estimates. Important factors that could cause actual results to differ materially are discussed below in the section Results of Operations. RESULTS OF OPERATIONS Revenue: Total revenue for the quarter ended December 31, 1997 increased by 18% or $186 million dollars over the prior years comparable quarter. The increase reflects continued acceptance of the Companys enterprise pricing options, particularly on mainframe platforms. The client/server business showed strong growth, increasing 28% over the December 1996 quarter. In the quarter,Unicenter TNG (The Next Generation), a family of integrated business solutions for monitoring and administering across multi-platform environments, accounted for approximately 22% of the Companys overall revenue. Total North American revenue grew 30% over the prior years comparable quarter. The North American sales represented 67% of the revenue in the December 1997 quarter compared to 61% of revenue in the December 1996 quarter. The strengthening of the US dollar against most currencies decreased International revenue by $41 million. In constant dollar terms, International revenue would have increased by approximately $34 million or 8% over the prior years comparable quarter. Maintenance revenues remained unchanged from last years comparable quarter. Price changes did not have a material impact in either quarter. Costs and Expenses: Selling, marketing and administrative expenses as a percentage of total revenue for the December 1997 quarter increased to 35% from 33% for the December 1996 quarter. The increase represents the additional salary and benefit expense for an increased number of employees, as well as, major promotional events including the Jasmine, a pure object database solution, product launch and the Unicenter TNG framework release. Net research and development expenditures increased $9 million, or 11%, over the December 1996 quarter. Continued emphasis on adapting and enhancing products for the client/server environment, in particular Unicenter TNG and Jasmine, the addition of Cheyenne product development personnel and broadening of the Companys Internet/Intranet product offerings were largely responsible for the increase. Commissions and royalties as a percentage of revenue was 5% for both the December 1997 and 1996 quarters. Depreciation and amortization expense decreased $14 million in the December 1997 quarter from the December 1996 quarter. The decrease was primarily due to completion of the amortization associated with the On-Line Software International, Inc. and Pansophic Systems, Inc. acquisitions, as well as the scheduled reduction in the amortization associated with The ASK Group, Inc. and Legent Corporation acquisitions. This decrease was only partially offset by the additional accelerated purchased software amortization related to the Cheyenne Software, Inc. acquisition. In the December 9 Item 2: (Continued) MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 1997 quarter, net interest expense increased by $2 million over the December 1996 quarter as a result of higher debt levels associated with the Cheyenne acquisition. Operating Margins: The pretax income of $544 million for the December 1997 quarter is an increase of $690 million, over the December 1996 quarter pretax loss of $146 million. The pretax loss for the December 1996 quarter was entirely attributable to a charge for development technology that had not reached the working model stage and had no alternative future use. Net income in the December 1996 quarter excluding the after tax charge would have been $285 million, compared to after tax income of $340 million in the December 1997 quarter, an increase of $55 million or 19%. The Companys consolidated effective tax rate was 37.5% for the December 1997 compared with 37% for the prior years Comparable quarter. Operations: The Companys products are designed to improve the productivity and efficiency of its clients information processing resources. Accordingly, in a recessionary environment, the Companys products are often a reasonable economic alternative to customers faced with the prospect of incurring expenditures to increase their existing information processing resources. However, a general or regional slowdown in the world economy could adversely affect the Companys operations. The Company has traditionally reported lower profit margins in the first two quarters of each fiscal year than those experienced in the third and fourth quarters. As part of the annual budget process, management establishes higher discretionary expense levels in relation to projected revenue for the first half of the year. Historically, the Companys combined third and fourth quarter revenues have been greater than the first half of the year, as these two quarters coincide with clients calendar year budget periods and culmination of the Companys annual sales plan. These historically higher second half revenues have resulted in significantly higher profit margins since total expenses have not increased in proportion to revenue. However, past financial performance should not be considered to be a reliable indicator of future performance. The Companys future operating results may be affected by a number of other factors, including, but not limited to: uncertainties relative to global economic conditions; the adequacy of the Companys internal administrative systems to efficiently process transactions, store and retrieve data subsequent to the year 2000; the Companys increasing reliance on a single family of products for a material portion of its sales; market acceptance of competing technologies; the availability and cost of new solutions; delays in delivery of new products or features; the Companys ability to update its business application products to conform with the new, common European currency known as the Euro; the Companys ability to successfully maintain or increase market share in its core business while expanding its product base into other markets; the strength of its distribution channels; the ability either internally or through third party service providers to support client implementation of the Companys products; the Companys 10 Item 2: (Continued) MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS ability to manage fixed and variable expense growth relative to revenue growth; and the Companys ability to effectively integrate acquired products and operations. The Company may experience future uncertainties regarding year 2000 compliance of its products. The Company has designed and tested the vast majority of its recent product offerings to be year 2000 compliant. However, there are currently a small minority of the product offerings that have not been updated to meet the year 2000 compliance specifications. The Company is making its best efforts to address this issue and will continue to update and test its product offerings for year 2000 compliance. The Company has publicly identified any products that will not be updated to be year 2000 compliant and has been encouraging clients using these products to migrate to compliant versions. There can be no assurance that all the Companys products except those previously identified will be year 2000 compliant prior to the January 1, 2000 nor can there be assurances that the Companys currently compliant products do not contain undetected problems associated with year 2000 compliance. Such problems may result in increased expenses negatively affecting future operating results. The Company recognizes the significance of the year 2000 problem as it relates to our internal systems. It has an overall plan and a systematic process in place to make its internal financial and administrative systems year 2000 ready within the next twelve to eighteen months. The cost of this exercise is not viewed to have a material effect on the Companys results of operations or liquidity. Contingency plans have also been developed such that any failure to convert will not adversely affect overall performance. 11 Item 2: (Continued) MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Liquidity and Capital Resources: At December 31, 1997, the Companys cash, cash equivalents and marketable securities balance of $235 million increased by approximately $50 million from the September 30, 1997 balance. Cash generated from operations totaled $223 million for the quarter ended December 31, 1997. Beyond increasing the absolute level of cash and cash equivalents, this cash was primarily used for treasury stock purchases of $74 million and bank debt repayments of $50 million. At December 31, 1997, $1,440 million of debt was outstanding under the Companys revolving credit facilities, and $320 million remains outstanding under the Companys 6.77% Senior Notes. Borrowing costs and facility fees are based upon the achievement of certain financial ratios. The cumulative total of common stock purchased under the Companys various open market repurchase programs as of December 31, 1997, was approximately 120 million shares, including 1.5 million shares in the most recently ended quarter. The shares authorized for future repurchase at December 31, 1997 are approximately 43 million. These amounts reflect the November 5, 1997 three-for-two stock split. In the quarter ended December 31, 1997, the Companys commenced the building of its European Headquarters, located in the United Kingdom. In addition to this commitment of approximately $150 million, capital resource requirements as of December 31, 1997 consisted of lease obligations for office space, computer equipment, mortgage/loan obligations and amounts due as a result of product and company acquisitions. It is expected that existing cash, cash equivalents, short-term marketable securities, the availability of borrowings under committed and uncommitted credit lines, as well as cash provided from operations, will be sufficient to meet these and other ongoing cash requirements. 12 PART II. OTHER INFORMATION Item 6: Exhibits and Reports on Form 8-K (a) Exhibits. None. (b) Reports on Form 8-K. None. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. COMPUTER ASSOCIATES INTERNATIONAL, INC. Dated: February 5, 1998 By:/s/ Sanjay Kumar ------------------------- Sanjay Kumar, President and Chief Operating Officer Dated: February 5, 1998 By:/s/ Peter Schwartz ------------------------- Peter Schwartz Sr. Vice President - Finance (Chief Financial and Accounting Officer EX-27 2 ART. 5 FDS FOR COMPUTER ASSOCIATES 3RD QTR 10-Q
5 1,000,000 9-MOS MAR-31-1998 APR-01-1997 DEC-31-1997 175 60 1720 0 71 2026 457 0 6429 1799 1258 0 0 0 2123 6429 2707 3252 0 2024 0 0 90 1228 461 761 0 0 0 761 1.41 1.36
-----END PRIVACY-ENHANCED MESSAGE-----