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