Computer Sciences Corp. (NYSE:CSC) raised its fiscal-year earnings estimates on Thursday and reaffirmed its revenue forecast. Computer Sciences Corp trades on the “New York Stock Exchange” under the stock symbol “CSC”. For More information regarding “CSC”, make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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Information Technology Company Computer Sciences Corp. (NYSE:CSC) raised its fiscal-year earnings estimates on Thursday and reaffirmed its revenue forecast. The company said it now expects full-year earnings to range between $5.05 and $5.15 per share, up from prior guidance of $4.80 to $5 per share. Revenue will likely range from $16 billion to $16.5 billion, in line with earlier estimates.
The company also said it now expects new business awards of about $19 billion, an increase from previous predictions of $17 billion to $18 billion.
About Computer Sciences Corporation:
Computer Sciences Corporation (CSC) provides information technology (IT) and business process outsourcing, and IT and professional services to the commercial and government markets. The companies information technology outsourcing services include the operation of customers technology infrastructure, including systems analysis, applications development, network operations, desktop computing, and data center management. CSC also offers various business process outsourcing services, such as procurement and supply chain, call centers and customer relationship management, credit services, claims processing, and logistics. In addition, the company provides various IT and professional services, including systems integration that comprises designing, developing, implementing, and integrating information systems; and consulting and professional services, such as advising clients on the strategic acquisition and utilization of IT, as well as on business strategy, security, modeling, simulation, engineering, operations, change management, and business process reengineering
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This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act") including 2009 growth, revenue for the second quarter and year of 2009 and gross margin for the second quarter and year of 2009. Additionally, words such as "seek," "intend," "believe," "plan," "estimate," "expect," "anticipate" and other similar expressions are forward-looking statements within the meaning of the Act. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the impact of intense competition, the continuation or worsening of current economic conditions and the condition of the domestic and global credit and capital markets.
