North American Public Sector bolsters CSC’s flat 2Q earnings
$4 billion in revenue equals same quarter of fiscal 2010
- By David Hubler
- Nov 10, 2010
Computer Sciences Corp. reported $4 billion in revenue for the second quarter of fiscal 2011, equaling fiscal 2010's second-quarter revenue of $4 billion.
For the first six months of the fiscal year, CSC’s revenue of $7.9 billion also equaled the revenue of the first half-year of fiscal 2010, according to a company statement released today.
New business awards for the quarter totaled $4.5 billion, down slightly from the $4.6 billion of the previous year.
CSC’s North American Public Sector (NPS) business accounted for approximately $2.9 billion of those awards.
Business Solutions and Services reported $0.8 billion, and the Managed Services Sector also closed $0.8 billion in new business.
“While our NPS business is still experiencing a slowdown in the pace of customer decisions, our continued success in capturing sizable [indefinite-delivery, indefinite-quantity] awards positions us for meaningful second-half growth,” said CSC Chairman, President and CEO Michael Laphen in the statement.
“Our commercial businesses have achieved new logo wins and are building a robust pipeline, particularly in our targeted areas of applications outsourcing, cyber and cloud solutions,” he added.
“Our underlying performance in the quarter continues to track in a positive direction," Laphen said. "We achieved a solid quarter in new business bookings, which supports our anticipated growth in the second half of the fiscal year.”
CSC, of Falls Church, Va., ranks No. 10 on Washington Technology’s 2010 Top 100 list of the largest federal government contractors.
David Hubler is the former print managing editor for GCN and senior editor for Washington Technology. He is freelance writer living in Annandale, Va.