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SOFTWARE INDUSTRY NEWS |
CSC updates fiscal year financial guidance |
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Computer Sciences Corporation (CSC), which ranks fourth on the Services Top 100, has updated financial guidance for the fiscal year ending April 2, 2010, following significant increases in new business awards and profitability.  According to the new guidance, CSC said revised new business awards guidance to approximately $19 billion versus prior guidance in the range of $17 - $18 billion. The company issued revenue guidance in the range of $16 - $16.5 billion, consistent with prior guidance, and operating margin of 8.6% to 8.8%, consistent with prior guidance that represents a 25 to 50 basis point increase over last year. It revised earnings per share (EPS) guidance into the range of $5.05 - $5.15 versus prior guidance of $4.80 - $5.00, and free cash flow equal to or greater than 90% of net income, in line with prior guidance. CSC said it expects to release its fourth quarter and audited fiscal year results on May 20, 2010. |
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