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SOFTWARE INDUSTRY NEWS |
CSC reports fourth quarter results |
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CSC reported a fourth quarter fiscal 2010 revenue of $4.2 billion and fully diluted earnings per share (EPS) of $1.66. For the full year, revenue was $16.1 billion as compared to $16.7 billion for the previous year, and EPS was $5.28 against $7.31 for the previous year which included a total of $3.36 of net favorable tax audit settlements. Operating margin was 10.10% for the quarter, 8.75% for the year. Operating cash flow was $1,237 million for the quarter and $1,643 million for the year. CSC'sfree cash flow was $951 million for the quarter and $811 million for the year. CSC's Board of Directors authorized and declared a quarterly dividend of $0.15 per share payable July 2010. Issuing guidance for fiscal 2011, CSC anticipates bookings in excess of $18 billion, revenue in the range of $16.8 billion to $17.2 billion and operating margin between 9% and 9.25%. EPS is projected between $5.30 to $5.40 and free cash flow is anticipated over 90% of net income attributable to CSC common shareholders. More financial information can be found in CSC's statement. |
LISTS AND RESEARCH
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Global Software Top 100 - Edition 2011
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