BSS revenue increases to $899m
CSC has reported total revenues of $4.1bn for the third quarter of 2011, a marginal increase of 5% compared to $3.9bn for the same quarter prior year.
The company said that BSS revenue increased to $899m from $887m, MSS revenue increased to $1.65bn from $1.61bn, while revenue from North American public sector increased to $1.5bn from $1.47bn for the same period last year.
The company’s income before income taxes was $231m for the third quarter of 2010 compared to $291m for the same period last year.
For the quarter ended 31 December 2010, the company posted net income of $242m, or $1.54 per share, compared to $211m, or $1.36 per share, for the same period last year.
CSC chairman and CEO Michael Laphen said the company’s revenue growth of 1.4% (2.1% constant currency) reflects year over year growth within all of their business sectors.
"Sequentially, our Public Sector revenue continues to be impacted by award decision delays by the federal government while our Commercial segments continue on their growth trajectory," Laphen said.
The company expects new business bookings to cross $16bn, and revenue to reach $16.2bn, for the fiscal year 2011.