CSC reported revenue of $3.58 billion for the first quarter of fiscal year 2006, up 8.6% from the previous year. Net income was $131.6 million. The company was pleased with the results and sees opportunities in both the global commercial and U.S. federal markets. Recent contract wins contributed significantly to revenue growth in North America and Europe.
CSC reported revenue growth of 5.1% in the first quarter of fiscal year 2005 compared to the same period last year. Revenue totaled $3.7 billion for the quarter. Net income was $110.4 million and earnings per share were $0.58. CSC saw growth in its European outsourcing and U.S. federal government businesses. The company's pipeline of federal opportunities over the next 20 months stands at around $33 billion. CSC announced $4.9 billion in new awards during the quarter from both commercial and government clients.
CSC reported strong financial results for the second quarter of fiscal year 2005, with revenue increasing 9.6% year-over-year to $3.93 billion. Both the global commercial and U.S. federal government segments contributed to revenue growth. CSC won $3.9 billion in new contracts during the quarter. The company expects continued demand in the federal government for IT modernization and infrastructure projects.
Computer Sciences Corporation (CSC) reported financial results for the first quarter of fiscal year 2003, ended June 28, 2002. Revenues increased 2% to $2.76 billion compared to the same period last year. Net income was $79.0 million and earnings per share were $0.46. Both CSC's global commercial outsourcing and U.S. federal opportunity pipelines remain healthy. U.S. federal government revenues grew 17.6% to $791.7 million, comprising 29% of total revenue. Global commercial revenues declined 3.3% to $1.97 billion, reflecting a slowdown in consulting demand partially offset by outsourcing growth. CSC will continue efforts to control costs
CSC reported revenue growth of 5.6% over the previous year's quarter to $3.52 billion. Net income was $157.5 million. The company was pleased with major new business announcements of $5.3 billion from continuing operations. Global commercial activities drove revenue growth, benefiting from favorable currency movements and recent IT services engagements. The U.S. federal government business declined due to the completion of some contracts.
CSC reported strong financial results for the first quarter of fiscal year 2004, with revenue of $3.55 billion, up 29.1% from the prior year. Net income was $92.3 million. The acquisition of DynCorp contributed significantly to growth in the federal sector. CSC also saw increased revenue from commercial clients and in Europe due to favorable currency exchange rates. Management expects continued revenue and earnings growth for the remainder of the fiscal year.
Computer Sciences Corporation (CSC) reported financial results for the first quarter of fiscal year 2002, ended June 29, 2001. Revenue grew 10.2% to $2.7 billion due to strong growth in global outsourcing. Net income was $47.7 million. Commercial revenue grew 17% internationally due to outsourcing contracts in the UK and Scandinavia. Federal government revenue rose 3.9% despite some contract completions, with growth in civil agencies and GSA work. CSC will focus on larger outsourcing engagements and adjusting to reduced consulting demand, while progressing on improving recent outsourcing contracts.
1) CSC reported lower revenue and a net loss for the quarter due to a large restructuring charge, but revenue from U.S. federal government activities grew strongly and operations in Australia and Asia also saw strong growth.
2) While commercial revenue declined in the U.S. and Europe, the company's federal opportunities pipeline remains large at $36 billion over the next 20 months.
3) The restructuring program aimed at streamlining operations is proceeding as planned and is expected to improve future cash flow and earnings.
Computer Sciences Corporation (CSC) reported financial results for the third quarter of fiscal year 2002, ended December 28, 2001. Revenues increased 8.9% year-over-year to $2.9 billion. Net income was $87.1 million and earnings per share were $0.51. Revenue growth was driven by strong performance in global commercial outsourcing, U.S. federal government contracts, and new opportunities in financial services. CSC also announced $3.2 billion in new business awards for the quarter.
CSC reported revenue growth of 5.1% in the first quarter of fiscal year 2005 compared to the same period last year. Revenue totaled $3.7 billion for the quarter. Net income was $110.4 million and earnings per share were $0.58. CSC saw growth in its European outsourcing and U.S. federal government businesses. The company's pipeline of federal opportunities over the next 20 months stands at around $33 billion. CSC announced $4.9 billion in new awards during the quarter from both commercial and government clients.
CSC reported strong financial results for the second quarter of fiscal year 2005, with revenue increasing 9.6% year-over-year to $3.93 billion. Both the global commercial and U.S. federal government segments contributed to revenue growth. CSC won $3.9 billion in new contracts during the quarter. The company expects continued demand in the federal government for IT modernization and infrastructure projects.
Computer Sciences Corporation (CSC) reported financial results for the first quarter of fiscal year 2003, ended June 28, 2002. Revenues increased 2% to $2.76 billion compared to the same period last year. Net income was $79.0 million and earnings per share were $0.46. Both CSC's global commercial outsourcing and U.S. federal opportunity pipelines remain healthy. U.S. federal government revenues grew 17.6% to $791.7 million, comprising 29% of total revenue. Global commercial revenues declined 3.3% to $1.97 billion, reflecting a slowdown in consulting demand partially offset by outsourcing growth. CSC will continue efforts to control costs
CSC reported revenue growth of 5.6% over the previous year's quarter to $3.52 billion. Net income was $157.5 million. The company was pleased with major new business announcements of $5.3 billion from continuing operations. Global commercial activities drove revenue growth, benefiting from favorable currency movements and recent IT services engagements. The U.S. federal government business declined due to the completion of some contracts.
CSC reported strong financial results for the first quarter of fiscal year 2004, with revenue of $3.55 billion, up 29.1% from the prior year. Net income was $92.3 million. The acquisition of DynCorp contributed significantly to growth in the federal sector. CSC also saw increased revenue from commercial clients and in Europe due to favorable currency exchange rates. Management expects continued revenue and earnings growth for the remainder of the fiscal year.
Computer Sciences Corporation (CSC) reported financial results for the first quarter of fiscal year 2002, ended June 29, 2001. Revenue grew 10.2% to $2.7 billion due to strong growth in global outsourcing. Net income was $47.7 million. Commercial revenue grew 17% internationally due to outsourcing contracts in the UK and Scandinavia. Federal government revenue rose 3.9% despite some contract completions, with growth in civil agencies and GSA work. CSC will focus on larger outsourcing engagements and adjusting to reduced consulting demand, while progressing on improving recent outsourcing contracts.
1) CSC reported lower revenue and a net loss for the quarter due to a large restructuring charge, but revenue from U.S. federal government activities grew strongly and operations in Australia and Asia also saw strong growth.
2) While commercial revenue declined in the U.S. and Europe, the company's federal opportunities pipeline remains large at $36 billion over the next 20 months.
3) The restructuring program aimed at streamlining operations is proceeding as planned and is expected to improve future cash flow and earnings.
Computer Sciences Corporation (CSC) reported financial results for the third quarter of fiscal year 2002, ended December 28, 2001. Revenues increased 8.9% year-over-year to $2.9 billion. Net income was $87.1 million and earnings per share were $0.51. Revenue growth was driven by strong performance in global commercial outsourcing, U.S. federal government contracts, and new opportunities in financial services. CSC also announced $3.2 billion in new business awards for the quarter.
CSC reported strong revenue growth and financial results for the second quarter of fiscal year 2004. Revenue increased 32% to $3.59 billion compared to the same period last year, driven by growth in the federal government sector from the DynCorp acquisition. Net income was $108.1 million. For the third quarter, CSC expects revenue in the range of $3.6 billion and earnings per share between $0.68 to $0.70. CSC also highlighted major new contracts signed during the quarter with customers such as Providian Financial and the U.S. Air Force.
Computer Sciences Corporation (CSC) reported revenue of $2.7 billion for the second quarter of fiscal year 2003, a 1.2% decrease from the previous year. Net income increased to $92.9 million, up 35% over the previous year, driven by improved profitability in government and consulting services. While demand remained weak for commercial consulting projects, CSC's government business grew strongly, with U.S. federal revenue increasing 16.9%. CSC continued tight expense controls to improve operating efficiency in the challenging market environment.
Computer Sciences Corporation (CSC) reported its second quarter fiscal 2006 results including: revenue of $3.57 billion, up 5.3% from the previous year; net income of $99.5 million including a $33.1 million non-cash impairment charge; and new contract awards of $2.5 billion. Revenue growth was driven by increased commercial and U.S. federal government business. Significant new contracts were won with Banca Intesa, Centers for Medicare and Medicaid Services, and General Dynamics. CSC's pipeline for U.S. federal opportunities over the next 17 months is approximately $30 billion.
CSC reported strong financial results for the third quarter of fiscal year 2004, with revenue up 29.6% to $3.62 billion and net income of $128.4 million. Major new business awards totaled a record $6 billion for the quarter. Demand remained high for U.S. federal IT services, particularly from the Department of Defense and Homeland Security. The global market for commercial outsourcing services also remained firm.
Computer Sciences Corporation (CSC) reported a 21.6% increase in earnings per share for the second quarter of fiscal year 1999 compared to the previous year. Revenue increased 17% to $1.85 billion driven by strong growth in Europe and the federal sector. For the first half of the fiscal year, net income rose 23.6% and revenues increased 17.4% over the previous year. CSC also acquired a majority stake in a French consulting firm, increasing its presence in that country.
Computer Sciences Corporation (CSC) reported financial results for the third quarter of fiscal year 2003. [1] Revenues were $2.8 billion, down 3.5% from the prior year's third quarter. [2] Net income was $105.7 million, up 19.6% over the previous year. [3] CSC's federal government business saw revenue growth which offset declines in commercial sectors such as financial services.
Computer Sciences Corporation (CSC) reported financial results for the second quarter of fiscal year 2002. Revenues increased 10.7% to $2.8 billion due to growth in global commercial outsourcing and U.S. federal government activities. Net income was $68.2 million. CSC also secured $5.3 billion in new business awards during the quarter. The company is well positioned in the robust U.S. federal market with $23 billion in opportunities over the next 29 months. CSC provides information technology services to commercial and government clients worldwide.
Computer Sciences Corporation reported financial results for the second quarter of fiscal year 1998, ended September 26, 1997. Revenue increased 16.5% to $1.58 billion compared to the previous year. Net income grew 18.8% to $58.6 million. The company provides management consulting, systems integration, and outsourcing services worldwide to industry and government clients. New contracts were announced during the quarter, and the company expects continued revenue growth for the remainder of the fiscal year.
Computer Sciences Corporation (CSC) reported financial results for the first quarter of fiscal year 2001, ended June 30, 2000. Revenues increased 11.8% to $2.46 billion due to strong growth in the U.S. federal government, Asia-Pacific, and commercial outsourcing sectors. Net income grew 13.5% to $96 million and earnings per share increased to 56 cents. CSC also secured $3.3 billion in new business awards during the quarter and remains on track to achieve its target of $1 billion in e-business revenue for the fiscal year.
prezentare rezultate financiare pe 2008 Deutsche Telekomaseceleanu
The document provides an overview of Deutsche Telekom's full year 2008 results and operations. Some key highlights include revenue being flat on an organic basis and adjusted EBITDA increasing 0.8% organically. Free cash flow increased 6.9% and net income more than doubled. The company achieved goals in its strategy of focusing on improving competitiveness in Germany and Central and Eastern Europe, growing abroad with mobile, mobilizing the internet, and building network-centric ICT.
Computer Sciences Corporation (CSC) reported financial results for the third quarter of fiscal year 2000, ending December 31, 1999. Revenue was up 14.9% to $2.4 billion compared to the previous year. Earnings per share, excluding special items, were 66 cents, a 20% increase over the previous year. CSC received $3.5 billion in new business awards during the quarter and $9.6 billion year-to-date. Research analysts from various firms cover CSC stock, which trades on the New York Stock Exchange.
Computer Sciences Corporation (CSC) reported strong financial results for the second quarter of fiscal year 2001, with revenues increasing 12% to $2.5 billion and net income growing 17.1% to $109 million. For the first six months of the fiscal year, revenues were up 11.9% to $5 billion and net income increased 15.4% to $205 million. The company secured $7.7 billion in new contracts for the first half, fueling anticipated growth in the second half of the year.
Whitney Holding Corporation reported a net loss of $11.1 million for the first quarter of 2009 compared to a profit of $8.2 million in the previous quarter. The loss was attributed to lower net interest income from margin compression, higher credit costs from rising delinquencies, and increased expenses. Total loans declined by $129 million from the previous quarter due to weak demand. However, the company's capital position remained strong with a tangible common equity ratio of 6.68% at the end of the first quarter.
Computer Sciences Corporation (CSC) reported financial results for the third quarter of fiscal year 2001, ended December 29, 2000. Revenues increased 12.9% to $2.7 billion due to growth in the federal government vertical market and commercial outsourcing. Earnings before special items increased 9.6% to $122.9 million. Major new business awards totaled $1.8 billion for the quarter. For the nine-month period, revenues increased 12.2% to $7.6 billion and earnings before special items increased 13.1% to $327.9 million, though results were impacted by currency effects and restructuring costs. CSC also discussed several new contracts and engagements.
Sovereign Bancorp reported financial results for the first quarter of 2004. Net income was $102 million, up 35% from the prior year, though it included one-time merger charges. Excluding these charges, operating earnings were $122 million, up 28% from the previous year. Cash earnings also increased 24% year-over-year to $137 million. Loan and deposit balances grew due to acquisitions completed in the quarter. The company also announced additional upcoming acquisitions expected to be accretive to earnings.
This document provides an investor highlights report for Computer Sciences Corporation (CSC) for the first quarter of fiscal year 1997. It summarizes that CSC reported a 20% increase in net income and 20.5% increase in revenue compared to the same quarter the previous year. It also announces three acquisitions that further expanded CSC's industry-specific consulting services. CSC operates in strong markets for information technology services and sees continued growth opportunities.
Computer Sciences Corporation reported a 22.7% increase in earnings per share for the third quarter of fiscal year 1999 compared to the previous year. Net income increased 25.9% while revenues rose 15.9%. Growth was driven by strong performance in European operations, consulting, financial services, and lower interest costs. For the first nine months of the fiscal year, net income increased 24.5% while revenues were up 16.9% year-over-year.
Computer Sciences Corporation reported a 15.5% increase in earnings per share for the first quarter of fiscal year 1998. Revenue rose 14.2% to $1.488 billion, with growth in commercial, European, and other international sectors. While US federal revenue declined slightly due to contract completions, the company expects this sector to improve over the fiscal year as new contracts are implemented. Overall, CSC's business continues to demonstrate strong growth trends across its consulting, systems integration, and outsourcing services.
Citigroup reported record earnings for the first quarter of 2000, with core income rising 49% to $3.6 billion compared to the same period last year. Several of Citigroup's business lines saw double-digit earnings growth, including Global Consumer (up 23%), Global Corporate and Investment Bank (up 36%), and Global Investment Management (up 26%). Strong performance across all regions and business segments was driven by favorable global market conditions. Return on equity was 30% and the company repurchased $1.2 billion in stock during the quarter.
- CoBiz Financial announced a preliminary net loss of $14.6 million for Q1 2009 compared to a net income of $1.6 million in Q1 2008. This was driven by a $33.9 million loan loss provision.
- Nonperforming assets increased to $52.5 million from $47 million in Q4 2008. The allowance for loan losses increased to 3.16% of total loans.
- Net interest margin expanded to 4.38% from 4.15% in Q4 2008. However, noninterest income decreased due to soft insurance, investment advisory, and investment banking markets.
The document is a quarterly report from Computer Sciences Corporation (CSC) providing key financial information and highlights for investors. It summarizes that CSC's revenue increased 17.1% in the third quarter of fiscal year 1998 compared to the previous year. Net income also rose 20.5% over the same period. The report further outlines CSC's business segments and global operations, as well as new contracts and growth in key market sectors during the quarter.
Computer Sciences Corporation (CSC) reported higher earnings and revenue for the second quarter of fiscal year 2000 compared to the same period last year. Earnings per share rose 22.2% and net income increased 22.7% due to strong global commercial growth and improved operating performance. CSC continues to see significant demand for outsourcing and other services and rapid growth in requests for e-business solutions.
CSC reported strong revenue growth and financial results for the second quarter of fiscal year 2004. Revenue increased 32% to $3.59 billion compared to the same period last year, driven by growth in the federal government sector from the DynCorp acquisition. Net income was $108.1 million. For the third quarter, CSC expects revenue in the range of $3.6 billion and earnings per share between $0.68 to $0.70. CSC also highlighted major new contracts signed during the quarter with customers such as Providian Financial and the U.S. Air Force.
Computer Sciences Corporation (CSC) reported revenue of $2.7 billion for the second quarter of fiscal year 2003, a 1.2% decrease from the previous year. Net income increased to $92.9 million, up 35% over the previous year, driven by improved profitability in government and consulting services. While demand remained weak for commercial consulting projects, CSC's government business grew strongly, with U.S. federal revenue increasing 16.9%. CSC continued tight expense controls to improve operating efficiency in the challenging market environment.
Computer Sciences Corporation (CSC) reported its second quarter fiscal 2006 results including: revenue of $3.57 billion, up 5.3% from the previous year; net income of $99.5 million including a $33.1 million non-cash impairment charge; and new contract awards of $2.5 billion. Revenue growth was driven by increased commercial and U.S. federal government business. Significant new contracts were won with Banca Intesa, Centers for Medicare and Medicaid Services, and General Dynamics. CSC's pipeline for U.S. federal opportunities over the next 17 months is approximately $30 billion.
CSC reported strong financial results for the third quarter of fiscal year 2004, with revenue up 29.6% to $3.62 billion and net income of $128.4 million. Major new business awards totaled a record $6 billion for the quarter. Demand remained high for U.S. federal IT services, particularly from the Department of Defense and Homeland Security. The global market for commercial outsourcing services also remained firm.
Computer Sciences Corporation (CSC) reported a 21.6% increase in earnings per share for the second quarter of fiscal year 1999 compared to the previous year. Revenue increased 17% to $1.85 billion driven by strong growth in Europe and the federal sector. For the first half of the fiscal year, net income rose 23.6% and revenues increased 17.4% over the previous year. CSC also acquired a majority stake in a French consulting firm, increasing its presence in that country.
Computer Sciences Corporation (CSC) reported financial results for the third quarter of fiscal year 2003. [1] Revenues were $2.8 billion, down 3.5% from the prior year's third quarter. [2] Net income was $105.7 million, up 19.6% over the previous year. [3] CSC's federal government business saw revenue growth which offset declines in commercial sectors such as financial services.
Computer Sciences Corporation (CSC) reported financial results for the second quarter of fiscal year 2002. Revenues increased 10.7% to $2.8 billion due to growth in global commercial outsourcing and U.S. federal government activities. Net income was $68.2 million. CSC also secured $5.3 billion in new business awards during the quarter. The company is well positioned in the robust U.S. federal market with $23 billion in opportunities over the next 29 months. CSC provides information technology services to commercial and government clients worldwide.
Computer Sciences Corporation reported financial results for the second quarter of fiscal year 1998, ended September 26, 1997. Revenue increased 16.5% to $1.58 billion compared to the previous year. Net income grew 18.8% to $58.6 million. The company provides management consulting, systems integration, and outsourcing services worldwide to industry and government clients. New contracts were announced during the quarter, and the company expects continued revenue growth for the remainder of the fiscal year.
Computer Sciences Corporation (CSC) reported financial results for the first quarter of fiscal year 2001, ended June 30, 2000. Revenues increased 11.8% to $2.46 billion due to strong growth in the U.S. federal government, Asia-Pacific, and commercial outsourcing sectors. Net income grew 13.5% to $96 million and earnings per share increased to 56 cents. CSC also secured $3.3 billion in new business awards during the quarter and remains on track to achieve its target of $1 billion in e-business revenue for the fiscal year.
prezentare rezultate financiare pe 2008 Deutsche Telekomaseceleanu
The document provides an overview of Deutsche Telekom's full year 2008 results and operations. Some key highlights include revenue being flat on an organic basis and adjusted EBITDA increasing 0.8% organically. Free cash flow increased 6.9% and net income more than doubled. The company achieved goals in its strategy of focusing on improving competitiveness in Germany and Central and Eastern Europe, growing abroad with mobile, mobilizing the internet, and building network-centric ICT.
Computer Sciences Corporation (CSC) reported financial results for the third quarter of fiscal year 2000, ending December 31, 1999. Revenue was up 14.9% to $2.4 billion compared to the previous year. Earnings per share, excluding special items, were 66 cents, a 20% increase over the previous year. CSC received $3.5 billion in new business awards during the quarter and $9.6 billion year-to-date. Research analysts from various firms cover CSC stock, which trades on the New York Stock Exchange.
Computer Sciences Corporation (CSC) reported strong financial results for the second quarter of fiscal year 2001, with revenues increasing 12% to $2.5 billion and net income growing 17.1% to $109 million. For the first six months of the fiscal year, revenues were up 11.9% to $5 billion and net income increased 15.4% to $205 million. The company secured $7.7 billion in new contracts for the first half, fueling anticipated growth in the second half of the year.
Whitney Holding Corporation reported a net loss of $11.1 million for the first quarter of 2009 compared to a profit of $8.2 million in the previous quarter. The loss was attributed to lower net interest income from margin compression, higher credit costs from rising delinquencies, and increased expenses. Total loans declined by $129 million from the previous quarter due to weak demand. However, the company's capital position remained strong with a tangible common equity ratio of 6.68% at the end of the first quarter.
Computer Sciences Corporation (CSC) reported financial results for the third quarter of fiscal year 2001, ended December 29, 2000. Revenues increased 12.9% to $2.7 billion due to growth in the federal government vertical market and commercial outsourcing. Earnings before special items increased 9.6% to $122.9 million. Major new business awards totaled $1.8 billion for the quarter. For the nine-month period, revenues increased 12.2% to $7.6 billion and earnings before special items increased 13.1% to $327.9 million, though results were impacted by currency effects and restructuring costs. CSC also discussed several new contracts and engagements.
Sovereign Bancorp reported financial results for the first quarter of 2004. Net income was $102 million, up 35% from the prior year, though it included one-time merger charges. Excluding these charges, operating earnings were $122 million, up 28% from the previous year. Cash earnings also increased 24% year-over-year to $137 million. Loan and deposit balances grew due to acquisitions completed in the quarter. The company also announced additional upcoming acquisitions expected to be accretive to earnings.
This document provides an investor highlights report for Computer Sciences Corporation (CSC) for the first quarter of fiscal year 1997. It summarizes that CSC reported a 20% increase in net income and 20.5% increase in revenue compared to the same quarter the previous year. It also announces three acquisitions that further expanded CSC's industry-specific consulting services. CSC operates in strong markets for information technology services and sees continued growth opportunities.
Computer Sciences Corporation reported a 22.7% increase in earnings per share for the third quarter of fiscal year 1999 compared to the previous year. Net income increased 25.9% while revenues rose 15.9%. Growth was driven by strong performance in European operations, consulting, financial services, and lower interest costs. For the first nine months of the fiscal year, net income increased 24.5% while revenues were up 16.9% year-over-year.
Computer Sciences Corporation reported a 15.5% increase in earnings per share for the first quarter of fiscal year 1998. Revenue rose 14.2% to $1.488 billion, with growth in commercial, European, and other international sectors. While US federal revenue declined slightly due to contract completions, the company expects this sector to improve over the fiscal year as new contracts are implemented. Overall, CSC's business continues to demonstrate strong growth trends across its consulting, systems integration, and outsourcing services.
Citigroup reported record earnings for the first quarter of 2000, with core income rising 49% to $3.6 billion compared to the same period last year. Several of Citigroup's business lines saw double-digit earnings growth, including Global Consumer (up 23%), Global Corporate and Investment Bank (up 36%), and Global Investment Management (up 26%). Strong performance across all regions and business segments was driven by favorable global market conditions. Return on equity was 30% and the company repurchased $1.2 billion in stock during the quarter.
- CoBiz Financial announced a preliminary net loss of $14.6 million for Q1 2009 compared to a net income of $1.6 million in Q1 2008. This was driven by a $33.9 million loan loss provision.
- Nonperforming assets increased to $52.5 million from $47 million in Q4 2008. The allowance for loan losses increased to 3.16% of total loans.
- Net interest margin expanded to 4.38% from 4.15% in Q4 2008. However, noninterest income decreased due to soft insurance, investment advisory, and investment banking markets.
The document is a quarterly report from Computer Sciences Corporation (CSC) providing key financial information and highlights for investors. It summarizes that CSC's revenue increased 17.1% in the third quarter of fiscal year 1998 compared to the previous year. Net income also rose 20.5% over the same period. The report further outlines CSC's business segments and global operations, as well as new contracts and growth in key market sectors during the quarter.
Computer Sciences Corporation (CSC) reported higher earnings and revenue for the second quarter of fiscal year 2000 compared to the same period last year. Earnings per share rose 22.2% and net income increased 22.7% due to strong global commercial growth and improved operating performance. CSC continues to see significant demand for outsourcing and other services and rapid growth in requests for e-business solutions.
Computer Sciences Corporation (CSC) reported higher revenue and earnings for the first quarter of fiscal year 1999 compared to the same period the previous year. Revenue increased 17.8% to $1.75 billion while net income rose 22.2% to $64.3 million. The company also announced $2.8 billion in new contract awards during the quarter and saw growth across all of its major service categories. CSC's chairman attributed the strong results to continued expansion in key markets like financial services and healthcare as well as new strategic partnerships.
Computer Sciences Corporation (CSC) reported a 20% increase in earnings per share and a 21.7% increase in net income for the first quarter of fiscal year 2000 compared to the same quarter the previous year. Revenue increased 17.6% to $2.06 billion driven by increased demand for outsourcing, enterprise solutions, e-business, and systems integration. CSC also announced over $4.7 billion in new business awards during the quarter and expects e-business revenue to triple to nearly $600 million for the full fiscal year.
CSU's consolidated revenue grew 11% in 2Q08 compared to 2Q07. Gross profit increased 84% and EBITDA jumped 182% over the same period due to revenue growth outpacing cost increases. The cards market maintained 18.7% annual growth while CardSystem outperformed with 21.4% growth. CSU aims to continue growing its payments processing unit while improving profitability across all business units through cost controls and productivity gains.
Citigroup reported fourth quarter net income of $6.93 billion and EPS of $1.37. Income from continuing operations was $4.97 billion with EPS of $0.98. Revenues were $20.78 billion. Strong customer volume growth drove double digit revenue increases in several areas. However, a challenging interest rate environment and competitive pricing partially offset this. The company continued expanding its distribution network globally.
CIT reported diluted EPS of $0.88 for Q1 2004, up 27% from $0.76 the previous year, excluding a debt redemption gain. Key highlights included improved margins and credit quality across segments, with net finance margin up 49 basis points to 4.02% and delinquencies declining. Total financing assets grew 2.3% from Q4 2003 and 10.6% year-over-year. Returns also increased, with ROTCE exceeding 13% excluding the debt gain.
CIT reported diluted EPS of $0.88 for Q1 2004, up 27% from $0.76 the previous year, excluding a debt redemption gain. Key highlights included improved margins and credit quality across segments, with net finance margin up 49 basis points and delinquencies and charge-offs declining. Returns also increased, with ROTCE exceeding 13% excluding the debt gain. Overall, CIT demonstrated continued strong performance and credit trends in the first quarter.
CIT Group reported diluted EPS of $0.72 for Q4 2003, up 7.5% from the prior year quarter. Key highlights included:
- Non-performing assets and delinquencies at their lowest levels since 1999.
- Completed acquisition of HSBC factoring assets.
- Recognized a $50.4M pre-tax gain from calling $735M in term debt.
- Took a $63M pre-tax write-down to accelerate liquidation of its venture capital portfolio.
- Chairman and CEO said CIT made "excellent progress" in 2003 and is well positioned for growth in 2004.
CIT announced diluted EPS of $0.72 for Q4 2003, up 7.5% from the prior year quarter. Key highlights included non-performing and delinquency rates at their lowest since 1999, completion of an HSBC factoring acquisition, and a gain realized from calling $735 million in term debt. CIT also took a $63 million write-down for accelerating the disposition of its venture capital portfolio.
CSC reported $1.36 billion in revenue for the second quarter of FY1997, a 20.1% increase over the previous year. CSC earned $49.3 million excluding a one-time $48.9 million charge related to an acquisition. For the first six months of FY1997, CSC reported $2.66 billion in revenue and $94.6 million in net income excluding the charge. CSC operates in commercial and government IT markets, with growing demand for outsourcing and consulting services.
Northern Trust Corporation reported net income of $161.8 million or $.61 per share for Q1 2009, down from $385.2 million or $1.71 per share in Q1 2008. Revenues decreased 8% to $904.2 million due to lower trust, investment and custody fees from declines in market valuations. Expenses decreased 3% to $593.5 million. The provision for credit losses was $55.0 million, and nonperforming loans totaled $167.8 million.
JPMorgan Chase reported third quarter 2009 net income of $3.6 billion, an increase from $527 million in third quarter 2008. Revenue was $28.8 billion, a record year-to-date. Credit costs remained high at $31.5 billion and the firm added $2 billion to consumer credit reserves. The firm's capital levels were strengthened with Tier 1 Common at $101 billion and ratios of 8.2% and 10.2% respectively. While signs of credit stability emerged, continued uncertainty led to higher reserves. The firm's strong capital position will enable continued investment despite this uncertainty.
JPMorgan Chase reported third quarter 2009 net income of $3.6 billion, an improvement from $527 million in the third quarter of 2008. Revenue was $28.8 billion, a record level for the year to date. Credit costs remained high at $2 billion added to consumer credit reserves, bringing the total to $31.5 billion. The firm's capital levels were strengthened with Tier 1 Common Capital reaching $101 billion, or 8.2% of the total. While signs of stability were seen in consumer credit, continued uncertainty remains around the economy. JPMorgan Chase aims to continue investing in its businesses through the challenging environment.
- Northrop Grumman reported a 7% increase in second quarter 2007 net income compared to the same period in 2006. Diluted earnings per share increased to $1.31.
- Operating margin increased 9% to $744 million, or 9.4% of sales, up from 9% in 2006. Sales increased 4% to $7.9 billion.
- Cash from operations increased 16% to $741 million, driven by higher net income and less cash spent on discontinued operations.
Northrop Grumman reported a 7% increase in second quarter 2007 net income compared to the same period in 2006. Diluted earnings per share increased to $1.31 from $1.26 the previous year. Operating margin rose 9% to $744 million, or 9.4% of sales, up from 9% of sales in 2006. Cash from operations also increased, rising to $741 million from $638 million in the prior year. For 2007, the company expects sales of approximately $31.5 billion, segment operating margin in the mid-9% range, diluted EPS from continuing operations between $4.90-$5.05, and cash from operations and free cash flow to be at the upper end
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1. Quar terly Highlights
First Quarter Fiscal 2006 (Ended July 1, 2005)
“We are pleased with our first quarter results which have provided a solid start to fiscal 2006. Our financial
About CSC
and competitive market position is strong. We are enthused about the healthy collection of opportunities
presented in both our key markets, global commercial and U.S. federal, along with the prospects for improved
Founded in 1959,
demand for IT services.”
Computer Sciences
Corporation is a leading Van B. Honeycutt
Chairman and Chief Executive Officer
information technology
Computer Sciences Corporation
(IT) services company.
CSC’s mission is to provide
Computer Sciences Corporation results for its fiscal 2006 first quarter included: revenue of $3.58 billion,
customers in industry up 8.6% over last year’s comparable quarter (approximately 7% in constant currency); net income of $131.6
and government with million, including $22.9 million from the gain on sale of discontinued operations; net earnings per share
solutions crafted to meet (diluted) of 70 cents, including 12 cents from the gain on sale of discontinued operations, compared with
their specific challenges last year’s 58 cents, including 9 cents from the gain on sale of discontinued operations; 7.13 million common
and enable them to profit shares were repurchased; and major business announcements totaled $3.7 billion.
from the advanced use CSC’s revenue growth during the quarter was led by both major market segments – global commercial
of technology. and U.S. federal government. Recent large outsourcing contract wins, primarily in North America and Europe,
were significant contributors to this growth. Additionally, CSC’s North American consulting and systems
With approximately integration business showed solid revenue improvements, both year-over-year and sequentially. Global
commercial revenue also benefited from favorable currency movements.
78,000 employees, CSC
The 20-month federal pipeline is approximately $31 billion, with opportunities spread across multiple
provides innovative
clients from a wide-ranging spectrum of federal government departments and agencies. More than $14 billion
solutions for customers
of this total is scheduled for award during the current fiscal year.
around the world by
Revenue derived from shorter-term consulting and systems integration services in North America again
applying leading tech-
showed growth year-over-year and sequentially. Demand in Europe for similar shorter-term services continues
nologies and CSC’s own
to be mixed, varying by country.
advanced capabilities.
Global commercial revenue was up 10.9% (approximately 8% in constant currency) to $2.36 billion
These include systems
from the year-ago quarter. U.S. commercial revenue was $1.01 billion, up 13.9%, compared with last year.
design and integration;
European revenue rose 10.3% (approximately 6% in constant currency) to $1.04 billion from last year’s first
IT and business process
quarter. Global commercial and European revenues were the beneficiaries of meaningful recent IT services
outsourcing; applications
engagements and favorable currency exchange rate movements. CSC’s non-European international revenue
software development;
was $317.5 million, up 4.4% (down approximately 2% in constant currency), compared with last year.
Web and application
For the first quarter, revenue derived from CSC’s U.S. federal government activities was $1.22 billion,
hosting; and management up 4.5% from last year. Revenue generated by CSC’s Department of Defense (DoD)-related revenue rose
consulting. to $793.9 million, up 9.4%, from the first quarter a year ago. Contributors included, among others, increased
scope and new tasking on logistics support for the U.S. Army and other DoD clients along with additional
Headquartered in tasking for engineering services in support of the U.S. Navy’s Naval Sea Systems Command. Civil agencies
El Segundo, California, revenue was $376.7 million, down 6.5% compared with last year. The civil agency decline was primarily
CSC reported revenue attributable to the completion of programs with the Department of Justice, including the FBI Trilogy work
of $14.3 billion for and the NASA PrISMS contract. CSC’s other federal sector revenue, comprised of state, local and foreign
the 12 months ended government as well as commercial contracts performed by the U.S. federal reporting segment, increased to
July 1, 2005. $50.3 million from the year ago quarter.
FINANCIAL HIGHLIGHTS
1ST QUARTER FISCAL 2006 REVENUES
FROM CONTINUING OPERATIONS (unaudited)
BY BUSINESS SEGMENT
Commercial U.S. Federal First Quarter
$ in millions,except
66% 34% ($ in millions) per-share amounts
07/01/05 07/02/04
U.S. Commercial – $1,007.1
22% Revenues
28% Europe – $1,037.0
From Continuing Operations $ 3,582.5 $ 3,297.5
Other International – $317.5
11% U.S. DoD – $793.9 Net Income $ 131.6 $ 110.4
U.S. Civil Agencies – $376.7
29% 9%
Diluted Earnings Per Share $ 0.70 $ 0.58
Other U.S. Federal – $50.3
1%
Total – $3,582.5
2. • DuPont – DuPont signed an interim
CSC’S SERVICES ENCOMPASS INVESTMENT DATA
agreement to extend CSC’s current
SEVERAL BROAD AREAS NYSE: CSC
• Outsourcing – Involves operating all information technology (IT) outsourcing Recent Closing Price: 44.97 (8/5/05)
contract with them. Under the definitive
or a portion of a customer’s technology 52-Week Range: 40.80 – 58.00
agreement, due to be finalized during
infrastructure. CSC also provides Shares Outstanding: 184.8 million
the second quarter of fiscal year 2006,
business process outsourcing, which is Registered Shareholders: 8,983
CSC will maintain existing services,
the management of a client’s non-core Institutional Ownership: 87%
including operation of DuPont’s global
business functions. Average Daily Trading Volume:
information systems and technology 1st Quarter FY 2006 – 854,703
• infrastructure, and will provide desktop
IT & Professional Services – Designing, Market Cap: $8.3 billion
support in Latin America, including
developing, implementing and integrat-
countries such as Brazil, Colombia,
ing complete information systems, as RESEARCH COVERAGE
Mexico and Venezuela.
well as advising clients on the strategic A.G. Edwards (Timothy Willi)
acquisition and utilization of IT. Banc of America Securities (Abhi Gami)
• ING Life Japan – An applications Bear Stearns ( Jim Kissane)
outsourcing contract was signed
RECENT ENGAGEMENTS INCLUDE: Bernstein (Rod Bourgeois)
• U.S. Air Force – Space Coast Launch between CSC and ING Life Insurance Deutsche Bank (Brandt Sakakeeny)
Company Ltd., Japan (ING Life Japan).
Services LLC (SCLS), a CSC-led joint Goldman Sachs (Greg Gould)
CSC will provide a range of develop-
venture with The Shaw Group Inc., won J.P. Morgan Securities (Tien-tsin Huang)
ment and maintenance services to
a contract to provide space command Jefferies & Co. ( Joe Vafi)
support 25 of ING Life Japan’s business
operations, maintenance and sustainment KeyBanc Capital Markets (Michael Keller)
system applications, including CSC’s
support to the U.S. Air Force’s 45th Legg Mason (Bill Loomis)
LIFE/J system, an administration
Space Wing for unmanned space vehicle Lehman Brothers (Louis Miscioscia)
solution that supports the processing of
launches. CSC’s SCLS team will provide Merrill Lynch (Greg Smith)
life and pension products through the
operations, maintenance and engineering Morgan Stanley (David Togut)
entire life cycle of an insurance policy.
support to critical launch, spacecraft and Prudential Securities (Bryan Keane)
ordnance facilities and support systems. SG Cowen & Co. (Moshe Katri)
• U.S. Department of Defense – CSC Smith Barney Citigroup (Pat Burton)
• won a contract to provide support
U.S. Department of Education – CSC Standard & Poor’s ( Richard Stice)
services to the senior leadership of
won a contract to provide IT infrastruc- Thomas Weisel Partners (David Grossman)
the Department of Defense’s Missile
ture services for the U.S. Department UBS Warburg (Adam Frisch)
Defense Agency (MDA). CSC will
of Education. CSC will provide infra- Value Line (George Niemond)
provide comprehensive scientific,
structure management services, including Wachovia Securities (Edward Caso)
engineering and technical assistance
network, project and security support
services to the MDA Director’s execu-
to Department of Education offices in SHAREHOLDER SERVICES
tive management team, focusing on
Washington, D.C., and regional offices For more information regarding CSC:
ballistic missile defense programs.
around the United States.
• Shareholder services and literature
request line – (800)542-3070
CSC REVENUE GROWTH FIRST THREE MONTHS FISCAL 2006
• Web site – www.csc.com
FROM CONTINUING OPERATIONS REVENUES FROM CONTINUING
FY 2001-2005* OPERATIONS BY BUSINESS SERVICE*
• Registrar and transfer agent –
$ in billions
Mellon Investor Services
$ 14 23%
P.O. Box 3315
12
S. Hackensack, New Jersey 07606
43%
(800)676- 0654 or (201)329- 8660
10 30%
www.MellonInvestor.com
8
•
4% CSC Investor Relations –
6 OUTSOURCING . . . . . . . . . . . . . . . . . . . . 47%
Bill Lackey
Global Commercial 43%
4 Director, Investor Relations
U.S. Federal Sector 4%
(310)615-1700
2 IT & PROFESSIONAL SERVICES . . . . . . . . 53%
Global Commercial 23%
Lisa Runge
U.S. Federal Sector 30%
FY01 FY02 FY03 FY04 FY05
Manager, Investor Relations
* CSC’s fiscal year ends the Friday closest to March 31. * Based on CSC estimates.
(310)615-1680
All statements in this document that do not directly and exclusively relate to historical facts
constitute “forward-looking statements” within the meaning of the Private Securities Litigation Email: InvestorRelations@csc.com
Reform Act of 1995. These statements represent the Company’s intentions, plans, expectations
and beliefs, and are subject to risks, uncertainties and other factors, many of which are outside
• Headquarters
the Company’s control. These factors could cause actual results to differ materially from such
2100 East Grand Avenue
forward-looking statements. For a description of these factors, see the section titled “Forward-
El Segundo, California 90245, USA
Looking Statements” in the Company’s Quarterly Report on Form 10-Q for the fiscal quarter
(310)615-0311
ended July 1, 2005.
Printed in U.S.A. WH# CC-1Q06