Announcements of Quarterly Financial Results, Web Presence Development Initiatives, and IT Sales Strategies Report - Research Report on CSC, Rackspace, Gartner, Riverbed, and NCR PR Newswire NEW YORK, August 9, 2013 NEW YORK, August 9, 2013 /PRNewswire/ -- Editor Note: For more information about this release, please scroll to bottom. Today, Analysts' Corner announced new research reports highlighting Computer Sciences Corporation (NYSE: CSC), Rackspace Hosting, Inc. (NYSE: RAX), Gartner, Inc. (NYSE: IT), Riverbed Technology, Inc. (NASDAQ: RVBD), and NCR Corporation (NYSE: NCR). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below. Computer Sciences Corporation Research Report On August 6, 2013, Computer Sciences Corporation (CSC) reported Q1 FY 2014 (period ended June 28, 2013) financial results with revenues of $3.3 billion, down 8.3% YoY. Net income attributable to CSC was up 290% YoY to $156 million, and diluted EPS from continuing operations was $1.02 (including $0.11 from discontinued operations), compared with $0.26 (including $0.16 from discontinued operations) in Q1 FY 2013. CSE informed that during the Q1 FY 2014 it disposed its two businesses which are included in discontinued operations. Mike Lawrie, President and CEO of CSC, said, "We are encouraged with the pace of our turnaround. Our cost takeout actions are driving margin expansion and earnings growth. The Company is beginning to pivot more towards growth and we are investing in offerings and partnerships that will enhance our differentiation and expand our market coverage. Based on our current progress, we are raising our target for EPS from continuing operations by 20 cents to $3.50 - $3.70." The Full Research Report on Computer Sciences Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/7438_CSC] Rackspace Hosting, Inc. Research Report On July 25, 2013, Rackspace Hosting, Inc. (Rackspace) announced that Mazda North American Operations (MNAO) along with its MyMazda application has opted for Rackspace technologies to develop its web presence in the US, Mexico, and Canada, so as to accommodate its 2.1 million monthly visitors. Rackspace informed that Mazda has adopted its Critical Application Services with its proactive monitoring function for additional service level coverage. Jim DiMarzio, CIO of MNAO, said, "A major reason why Mazda chose Rackspace to host several of its web sites and applications is most importantly for their Fanatical Support and Critical Application Services. Since the migration to Rackspace, Mazda's sites have performed better, and the support our team is receiving is unparalleled." The Full Research Report on Rackspace Holding, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/7807_RAX] Gartner, Inc. Research Report On August 5, 2013, Gartner, Inc. (Gartner) issued a special report examining the future for IT sales strategies. According to the report, one of the biggest barriers to innovation in the traditional technology providers' sales model is the lack of flexibility they encounter in reinventing themselves without placing quarterly revenues at risk. The Company stated that the most common thing to happen in business is the failure of leading companies to stay on top of their industries when technologies or markets change. Tiffani Bova, Vice President and Distinguished Analyst at Gartner, said, "The greatest innovation challenge for providers today may be in finding the means to reinvent the sales organization and go-to-market model to meet new market demands, while at the same time continuing to protect and defend existing customers and deliver net new revenue. The key to moving forward is to take a customer-centered approach and adopt sales models that support customers' new buying processes, rather than fight against them." The Full Research Report on Gartner, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/bc2c_IT] Riverbed Technology, Inc. Research Report On July 30, 2013, Riverbed Technology, Inc. (Riverbed) reported Q2 2013 financial results. The Company's GAAP revenue for Q2 2013 was $249.9 million, up 25.9% YoY. GAAP net loss was $16.5 million, or $0.10 per diluted share, compared with GAAP net income of $18.1 million, or $0.11 per diluted share, in Q2 2012. "Our market expanding products outside of WAN optimization and OPNET grew almost 50% compared to last year, and we believe our multi-product strategy to deliver unmatched application performance will allow us to accelerate the Company's revenue growth," said Jerry M. Kennelly, Chairman and CEO of Riverbed. The Full Research Report on Riverbed Technology, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/2e9f_RVBD] NCR Corporation Research Report On July 30, 2013, NCR Corporation (NCR) reported Q2 2013 financial results with revenues of $1.5 billion, up 8.9% YoY. Net income from continuing operations stood at $86 million, or $0.51 per diluted share, compared with $89 million, or $0.54 per diluted share, in Q2 2012. Bill Nuti, Chairman and CEO of NCR, said, "Solid second quarter results were driven by strong growth in our Retail and Hospitality business and continued steady performance in Financial Services. The growing contribution of software and services offerings to our revenue mix is delivering profitable growth and margin expansion, further aided by the string performance of our recently acquired Retalix business." NCR reaffirmed its guidance for full year 2013 and expects revenue growth of within 9% to 10 % YoY. The Full Research Report on NCR Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/42f1_NCR] EDITOR NOTES: 1.This is not company news. We are an independent source and our views do not reflect the companies mentioned. 2.Information in this release is fact checked and produced on a best efforts basis and reviewed by a CFA. 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Announcements of Quarterly Financial Results, Web Presence Development Initiatives, and IT Sales Strategies Report - Research
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