CA restates revenue again

Computer Associates International restates downward its revenue for three quarters of 2003.

Martin LaMonica Former Staff writer, CNET News
Martin LaMonica is a senior writer covering green tech and cutting-edge technologies. He joined CNET in 2002 to cover enterprise IT and Web development and was previously executive editor of IT publication InfoWorld.
Martin LaMonica

Computer Associates International has restated its revenue for three quarters of 2003. This follows a restatement earlier this year of previous financial results. For the nine months that ended Dec. 31, 2003, CA's revenue figure was $2.43 billion, not $2.44 billion as it earlier stated, the company said Monday in a filing with the Securities and Exchange Commission. The restatement was related to the changes the company made to record sales of software over several quarters, rather than as a one-time event.

In April of this year, the software maker adjusted its revenue numbers for 2000 and 2001 downward by $2.2 billion, following an SEC investigation that found that the company had used a "35-day month" to prematurely book revenue.