CSC has reported total revenues of $3.9bn for the first quarter of 2011, an increase of 1.12% compared to 3.8bn for the same quarter prior year.
The company said that NPS revenue was $1.55bn, up 2.2% from first quarter last year, MSS revenue was $1.60bn, up 2.2% and BSS revenue was $0.82bn, down 2% from first quarter last year.
The company’s income before income taxes was $215m for the first quarter compared to $185m for the same period last year.
The company reported operating income of $281m for the quarter compared to $265m for the same quarter last year.
For the quarter ended July 2, 2010, the company posted net income of $143m, or $0.91 per share, compared to $131m, or $0.85 per share, for the same period last year.
CSC chairman and CEO Michael Laphen said that the company remain focused on delivering positive results while navigating a still uncertain macro economic environment. We are seeing increased demand emerging from some regions and within some industries.
"Our strategic targets of Cloud, Cyber and Healthcare, as well as network management are all indicating positive signs," Laphen said.
The company expects bookings in excess of $18bn, revenue in the range of $16.8bn to $17.2bn, operating margin between 9% and 9.25%, and EPS in the $5.30 to $5.40 range, for the full year.
