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NEW YORK (CNNMoney.com) -- CA Inc., formerly Computer Associates, said in a regulatory filing that it will cut 1,000 jobs, or 7.5% of its workforce.
In its filing to the Securities and Exchange Commission, CA detailed a restructuring plan for fiscal 2010. The plan, which was approved March 31, also includes "additional global facilities consolidations," according to the filing. The company did not elaborate on those consolidations.
Shares of the Islandia, N.Y.-based software company were down 3.6% in premarket trading. CA did not immediately respond to a request for comment.
CA said that the restructuring should be "substantially completed" by the close of the second quarter of fiscal 2011, which ends October 2010.
CA also said it expects to incur a pre-tax restructuring charge of about $50 million. Those expenses will affect both fourth-quarter and fiscal-2010 earnings, the company said, and results will likely be at the low end of previously issued guidance.
GAAP diluted earnings per share for the full fiscal 2010 year are now expected to be $1.46 to $1.57, while non-GAAP diluted earnings are predicted to be $1.60 to $1.71 per share.
In its filing to the Securities and Exchange Commission, CA detailed a restructuring plan for fiscal 2010. The plan, which was approved March 31, also includes "additional global facilities consolidations," according to the filing. The company did not elaborate on those consolidations.
Shares of the Islandia, N.Y.-based software company were down 3.6% in premarket trading. CA did not immediately respond to a request for comment.
CA said that the restructuring should be "substantially completed" by the close of the second quarter of fiscal 2011, which ends October 2010.
CA also said it expects to incur a pre-tax restructuring charge of about $50 million. Those expenses will affect both fourth-quarter and fiscal-2010 earnings, the company said, and results will likely be at the low end of previously issued guidance.
GAAP diluted earnings per share for the full fiscal 2010 year are now expected to be $1.46 to $1.57, while non-GAAP diluted earnings are predicted to be $1.60 to $1.71 per share.