Nearshore Americas

Driven by Demand for IT Outsourcing, CSC Posts Strong Quarterly Numbers

Source: AP

Computer Sciences Corp. said Wednesday its fiscal 2010 third-quarter results jumped 31 percent as the company benefited from increased demand for outsourcing of information technology services.

CSC earned $211 million, or $1.36 per share, in the quarter ended Jan. 1, compared with $161 million, or $1.06 per share.

Revenue remained flat at $3.95 billion. CSC won $6.8 billion in new business during the quarter.

Analysts polled by Thomson Reuters forecast a profit of $1.23 on revenue of $4.03 billion.

CSC expects outsourcing demand will continue to boost earnings in the current quarter.

The company reaffirmed its guidance for fiscal year 2010 ending in March. It expects earnings of $4.80 to $5 per share on revenue between $16 and $16.5 billion.

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Analysts expect annual earnings per share of $4.96 and revenue of $16.25 billion.

Kirk Laughlin

Kirk Laughlin is an award-winning editor and subject expert in information technology and offshore BPO/ contact center strategies.

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