CA Technologies (CA - Free Report) recently introduced solutions that would connect International Business Machines Corp.'s (IBM) system z and the cloud. This cloud-based offering provides advanced solutions to customers, thereby balancing the workload across dynamic data centers and platforms.
The IBM zEnterprise provides secured and innovative solutions that help customers to develop a more effective and efficient IT portfolio. With this offering, CA will be able to meet growing business needs with improved flexibility and security.
CA System z can help to reduce cost and time which in turn simplifies the process of data storage on the cloud. Additionally, combining System z with the cloud infrastructure will enhance a company’s IT services.
This new offering also incorporates CA AppLogic for System z, CA VM Manager Suite for Linux on System z, CA File Master Plus, CA Endevor Software Change Manager and CA Sysview Performance Management, which will further boost performance and provide a well-organized business environment.
Apart from this, CA Technologies recently launched a CA Nimsoft Monitor Snap, a feature-rich free utility version of its popular CA Nimsoft Monitor solution. CA Nimsoft Monitor Snap is a powerful tool that caters to the need of emerging IT enterprises for affordable and quick services.
CA Inc.’s cloud expansion and restructuring initiatives remain on track. A decent renewal rate, modest cash position and share repurchase activities also appear encouraging. This apart, bookings growth remains robust, supported by both North American and International bookings. The company is also witnessing an increase in license wins.
However, increasing competition from companies like Hewlett-Packard Company (HPQ - Free Report) , and Oracle Corporation (ORCL - Free Report) and exposure to Europe remain concerns.
CA currently has a Zacks Rank #3 (Hold).