CA Technologies signs €600M acquisition agreement for Automic

|About: CA Inc. (CA)|By:, SA News Editor

Expected to close in Q4 2017.

Founded in 1985, Automic is based in Austria and employs 600 people across Europe, North America and Asia.

Assuming transaction closure in early January, CA Technologies (CA -3.8%) expects a one-half percentage point increase in projected revenue, a one percentage point adverse impact on operating margin, primarily attributable to Enterprise Solutions segment, and moderate dilution to cash flow from operations and EPS.

Press release

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