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© Copyright 2012

CSC announced its third quarter results

CSC is a global leader in providing technology-enabled solutions and services through three primary lines of business. Headquartered in Falls Church, VA., CSC has approximately 92,000 employees and reported revenue of $16.0 billion for the 12 months ended January 1, 2010

Highlights – Third Quarter Fiscal 2009

  • Q3 rev slightly misses estimates. Revenue was flat at $3.95 billion.
  • Analysts on average had expected earnings of $1.23 per share, excluding exceptional items, on revenue of $4.03 billion
  • Net income for the third quarter ended Jan. 1 rose to $216 million, or $1.36 a share, from $163 million, or $1.06 a share, a year earlier.

Fiscal Year 2010 Outlook

The Company is providing the following guidance:

  • The company re-affirmed its guidance for fiscal year 2010 anticipating revenue in the $16.0 – $16.5 billion range
  • EPS in the higher end of the $4.80 - $5.00 range, and free cash flow equal or greater than 90% of net income.
 http://www.csc.com/investor_relations/press_releases/41182-csc_reports_third_quarter_results 

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Posted by Guru's Pick on Friday, April 16, 2010 11:23 PM
     
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