CA Technologies announces divestiture of CA data protection business CA Technologies announced it has entered into a definitive agreement to divest its CA arcserve data protection business to Marlin Equity Partners. Terms of the transaction, which is expected to close in the second quarter of fiscal year 2015 subject to certain approvals, were not disclosed. All arcserve business activity will now be recognized by the company as discontinued operations.
CA Technologies sees FY16 EPS $2.37-$2.44, consensus $2.42 Sees FY16 revenue $4.04B-$4.11B, consensus $3.98B. Total revenue to change in a range of minus 1%-flat in constant currency. Previous guidance was to decrease 2% in constant currency. Non-GAAP diluted earnings per share from continuing operations to increase in a range of 2%-5%in constant currency, unchanged from previous guidance.