CA names new CEO

IT management software maker picks its chairman to replace the former chief executive who retired last fall.

CA has chosen Chairman William McCracken as its new CEO.

McCracken had served as executive chairman since then-CEO John Swainson's plans to retire were announced in September. McCracken, 67, is now chairman and CEO. He joined the board in 2005 when the IT management software company was still known as Computer Associates. Before that, he held numerous positions at IBM's printing and PC divisions.

McCracken's appointment on Thursday came as Islandia, N.Y.-based CA delivered better-than-expected fiscal third-quarter results. The company delivered net income of $257 million, or 49 cents a share, on revenue of $1.13 billion, up 8 percent from a year ago. Non-GAAP earnings were 43 cents a share. Wall Street was expecting earnings of 42 cents a share on revenue of $1.1 billion.

Read more of "CA names McCracken CEO; Earnings solid" at ZDNet's Between the Lines.

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