CA cuts 800 jobs

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CA cuts 800 jobs

CA announced Wednesday that it is cutting 800 jobs as part of a restructuring effort, and at the same time reported an 8 percent revenue rise to $920 million and earnings per share of 15 cents for its first fiscal quarter of 2006.

The 5 percent workforce reduction, which will cut jobs worldwide, is intended to improve productivity and simplify Computer Associates International Inc.’s wide-ranging product portfolio in research and development. The aim is also to improve sales performance and back-office efficiency.

Read the complete story. (eWeek)