View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
November 11, 2010

CSC Q2 revenue decreases marginally to $4bn

BSS revenue increases to $869m

By CBR Staff Writer

CSC has reported total revenues of $4bn for the second quarter of 2011, a marginal decrease of 2.4% compared to $4.1bn for the same quarter prior year.

The company said that BSS revenue increased to $869m from $864m, MSS revenue increased to $1.58bn from $1.57bn, while revenue from North American public sector decreased by 5% to $1.54bn.

The company’s income before income taxes was $275m for the second quarter of 2010 compared to $260m for the same period last year.

For the quarter ended 1 October 2010, the company posted net income of $193m, or $1.18 per share, compared to $221m, or $1.40 per share, for the same period last year.

CSC chairman and CEO Michael Laphen said the company’s underlying performance in the quarter continues to track in a positive direction as they have achieved a solid quarter in new business bookings which supports their anticipated growth in the second half of the fiscal year.

"Our pre-tax margin and operating margin improved sequentially, this despite a series of non-recurring accounting adjustments in MSS, primarily in the Nordics Region," Laphen said.

Content from our partners
The growing cybersecurity threats facing retailers
Cloud-based solutions will be key to rebuilding supply chains after global stress and disruption
How to integrate security into IT operations

The company expects new business bookings to cross $18.5bn, and revenue to range between $16.5bn and $17bn, for the full year.

Websites in our network
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
I consent to New Statesman Media Group collecting my details provided via this form in accordance with the Privacy Policy