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11 August 2010 ,
Written by Dhruv Tanwar
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CSC has reported its first quarter fiscal 2011 revenue at $3.94 billion, diluted earnings per share (EPS) of $0.91 as revenues of $3.90 billion and EPS of $0.85 for the same period last year.
The company said new business awards were slightly lower at $3.2 billion for the quarter as compared to $3.5 billion for the previous year. Pre-tax margin was 5.45%, operating margin was 7.13%, and operating cash flow was 60 million.
Outlook CSC reconfirmed its guidance for the full year, anticipating bookings in excess of $18 billion, revenue in the range of $16.8 billion to $17.2 billion, operating margin between 9% and 9.25%, EPS in the $5.30 to $5.40 range, and free cash flow in excess of 90% of net income attributable to CSC common shareholders. |