computer sciences corp (CSC) Key Developments
Computer Sciences Corporation, SRA Companies, Inc. - Special Call
Aug 31 15
To discuss the definitive agreement to combine CSC's government services unit, Computer Sciences Government Services (CSGov), with SRA
Computer Sciences Corp. Wins $109 Million Contract
Aug 31 15
Computer Sciences Corp. reported that its team was awarded a $109 million contract by the Federal Aviation Administration to provide cost-effective cloud services, data center consolidation and cloud migration capabilities. The contract has the potential to reach $1 billion over the next 10 years.
Computer Sciences Corporation Appoints Mark Foster as Board of Director; Declares Cash Dividend for the Quarter Ended July 3, 2015, Payable on October 8, 2015
Aug 14 15
Computer Sciences Corporation announced that its stockholders elected Mark Foster to the company’s Board of Directors at the company's annual meeting held on August 14, 2015. Mark Foster served as group chief executive for Management Consulting at Accenture plc from September 2006 until his retirement in March 2011. During his 26-year career at Accenture, Mr. Foster also served as head of Global Markets, group chief executive for the Products Operating Group and other roles in management consulting, technology and outsourcing.
The company's Board of Directors has declared a regular quarterly dividend payment for the quarter ending July 3, 2015 of $0.23 per share on the company's common stock. The dividend will be paid on October 8, 2015 to stockholders of record at the close of business on September 4, 2015.
Computer Sciences Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended July 3, 2015; Provides Earnings Guidance for the Fiscal Year 2016
Aug 11 15
Computer Sciences Corporation announced unaudited consolidated earnings results for the first quarter ended July 3, 2015. For the quarter, revenues were $2,761 million and compared with $3,237 million a year ago. Income from continuing operations before taxes was $228 million and compared with $214 million a year ago. Income from continuing operations was $164 million or $1.14 per diluted share compared with $159 million or $1.03 per diluted share a year ago. Net income attributable to the company's common stockholders was $160 million or $1.14 per diluted share against $146 million or $0.98 per diluted share a year ago. Non-GAAP income from continuing operations, before taxes was $221 million. Non-GAAP income from continuing operations was $160 million. Non-GAAP income attributable to common stockholders was $156 million. Non-GAAP Diluted Earnings per Share from continuing operations of $1.11, up 8% year-over-year. Operating Income was $298 million. Net cash provided by operating activities was $324 million against $273 million, up 19% year-over-year. Purchases of property and equipment were $90 million against $102 million a year ago. Free cash flow was $120 Million, up $50 Million year-over-year. The increase in free cash flow was driven by higher net cash provided by operating activities as well as lower capital expenditures. Earnings before interest and taxes (EBIT) were $252 million compares with $248 million the same period last year. Adjusted EBIT, which excludes the impact of these items, was $245 million.
For the fiscal year 2016, the company continues to target non-GAAP EPS from continuing operations of $4.75 to $5.05 for fiscal 2016, and free cash flow target remains unchanged at $750 to $800 million. The company assumes a tax rate in the range of 28% to 32%. The company continue to target revenue for the year to be flat to slightly down in constant currency.
Computer Sciences Corporation to Report Q1, 2016 Results on Aug 11, 2015
Jul 27 15
Computer Sciences Corporation announced that they will report Q1, 2016 results at 4:15 PM, US Eastern Standard Time on Aug 11, 2015