CSC boosts quarterly revenue by 30%

Outsourcing and services company Computer Sciences (CSC) boosted its revenue by 30% to $4bn, in its fourth financial quarter for ...

Outsourcing and services company Computer Sciences (CSC) boosted its revenue by 30% to $4bn, in its fourth financial quarter for  2004, compared with just over $3bn in revenue for the same period last year.

The higher revenue was only part of the good financial news for CSC, which released its quarterly results yesterday. Net income for the quarter, which ended 2 April, was $190.6m, up from $162.7m.

Total revenue for 2004 was $14.7bn in revenue, compared with $11.3bn for 2003. Net income for the full fiscal year was $519.4m, up 18% from $440.2m in 2003.

The higher revenues and earnings were the result of increased business with the US government, as well as increased outsourcing services and business acquisitions, including the purchase of DynCorp.

CSC expected revenue to grow between 8% and 10% for the first quarter of 2005.

Todd R Weiss writes for Computerworld

Read more on IT supplier relationship management

Start the conversation

Send me notifications when other members comment.

Please create a username to comment.

SearchCIO

SearchSecurity

SearchNetworking

SearchDataCenter

SearchDataManagement

Close