CSC is a global leader in providing technology-enabled solutions and services through three primary lines of business. These include Business Solutions & Services, the Managed Services Sector and the North American Public Sector. CSC’s advanced capabilities include system design and integration, information technology and business process outsourcing, applications software development, Web and application hosting, mission support and management consulting. Headquartered in Falls Church, VA., CSC has approximately 95,000 employees and reported revenue of $16.2 billion for the 12 months ended July 2, 2010.

Highlights for the Quarter include:

•New business awards of $3.2 billion for the quarter compared to $3.5 billion for the previous year
•Pre-tax margin of 5.45% for the quarter, an increase of 71 basis points from the previous year
•Operating margin of 7.13% for the quarter, an increase of 32 basis points from the previous year
•Operating cash flow of -$60 million for the quarter, an improvement of $237 million from the previous year
•Free Cash Flow of -$318 million for the quarter, an improvement of $144 million from the previous year

http://www.csc.com/newsroom/press_releases/52046-csc_reports_first_quarter_results