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.

1. Investor Relations 1st Quarter Fiscal 2001
First Quarter Fiscal 2001 ( Ended June 30, 2000)
Earnings Summary
Research Coverage
Financial Highlights
CSC's Business EARNINGS SUMMARY
As one of the world’s leading Our expertise in the design, implementation and management of a broad range of fully integrated solutions,
consulting and information
customized for specific client needs, enhances our competitive position and supports our role as an information
technology (IT) services firms,
technology leader helping clients to quickly strategize and implement solutions to improve their results. CSC’s
Computer Sciences Corporation
years of experience in systems integration, outsourcing, and management and IT consulting ideally position the
helps clients in industry and
government achieve strategic company for success in the expanding e-business marketplace.
and operational objectives
through the use of technology. Van B. Honeycutt
Having guided clients through Chairman, President and Chief Executive Officer
every major wave of change in
Computer Sciences Corporation
IT for more than 40 years, CSC
today is well positioned to
Computer Sciences Corporation’s solid first quarter results for fiscal 2001 were driven by strong revenue growth
develop and apply IT strategies
and operating performance from its U.S. federal government, Asia-Pacific and commercial outsourcing activities.
and technologies, particularly in
the e-business area, based on its For the first quarter (ended June 30): revenues were $2.46 billion, an 11.8% increase over fiscal 2000 (up 15% in
full range of capabilities in constant currency); net income increased 13.5% to $96.0 million; earnings per share (diluted) were 56 cents, up
management and IT consulting;
from 50 cents; and announced major new business awards were $3.3 billion. Geographic and vertical market
systems development; operations
diversification enabled CSC to take advantage of the more vigorous demand in some of the various markets served.
support and information services
The absence in the current year of the Year 2000-related revenue which was present during last year’s first quarter,
outsourcing.
coupled with the pace of the rebound in enterprisewide application demand, had a moderating influence on the first
Since its formation in 1959, CSC
quarter revenue growth rate. However, CSC’s PeopleSoft, SAP and Oracle practices have seen demand picking up.
has been known for its flexibility
New product releases are creating greater systems conversion demand and the opportunity to add more value to
and customer-centric culture.
Through numerous agreements clients’ existing ERP systems. The ramp-up in demand for these applications also ties in very well with CSC’s
with hardware and software e-business initiatives. As more global companies rush to embrace e-business as an integral part of their operations,
firms, the company develops and
and as successful start-ups mature, the requirements for e-business success broaden dramatically. Issues such as
manages solutions specifically
innovation, speed, global scale, industrial-strength performance, full life-cycle support and – above all, the need for
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2. Investor Relations 1st Quarter Fiscal 2001
tailored to each client’s needs. tangible business results – become critical. These are precisely CSC’s strengths. CSC remains on track to achieve
its target of about $1 billion in e-business related revenue for this fiscal year. For the first quarter, global
With more than 60,000
commercial revenues grew 10% (or 14% in constant currency), to $1.8 billion compared with $1.6 billion a year
employees in locations
ago. U.S. commercial revenue increased 12.3% to $980.8 million from last year’s $873 million, and European
worldwide, CSC had revenues of
$9.6 billion for the twelve revenue was $572.2 million, essentially the same as the comparable period last year (up more than 9% in constant
months ended June 30, 2000.
currency). Also, other international revenue, due to strong revenue gains in Australia and Asia, rose a robust 26.5%
(or 33% in constant currency) to $262.5 million compared to $207.5 million in last year’s first quarter. First quarter
revenue derived from the U.S. federal government increased 17% to $647.8 million from last year’s $553.6 million.
Both civil agency and Department of Defense (DoD) related revenues showed strong comparisons to last year’s
first quarter. CSC’s civil agency business climbed 30.8% to $234.9 million, up from $179.6 million last year, and
DoD revenue rose to $412.9 million, up 10.4% from last year’s $374 million.
CSC's SERVICES ENCOMPASS THREE KEY AREAS:
MANAGEMENT AND INFORMATION TECHNOLOGY CONSULTING
Dramatically improve client organizations' operations. Often streamlines basic business processes.
SYSTEMS DEVELOPMENT, AND INTEGRATION
Design, develop and build information technology systems. Combine hardware, software and communications into more productive systems.
OPERATIONS SUPPORT AND INFORMATION SERVICES OUTSOURCING
Directly operate clients' information systems. CSC often acquires clients' systems and employees.
RECENT ENGAGEMENTS INCLUDE:
AT&T – CSC signed an outsourcing agreement with AT&T to manage the application development and maintenance work for the
telecommunications giant’s Consumer Services organization. CSC is managing various software applications in the unit’s billing, credit and
collections, ordering, provisioning and customer care areas. This new agreement subsumes a prior contract signed in March 1999.
The Broken Hill Proprietary Company Limited (BHP) – As part of an agreement with BHP, CSC is providing a full range of IT services
including consulting, systems integration and outsourcing. Additionally, CSC has acquired the assets of BHP Information Technology
Proprietary Ltd., a wholly owned subsidiary of the Australia-based firm.
Dupont Pharmaceuticals – Dupont Pharmaceuticals Company, a wholly owned subsidiary of Dupont, selected CSC to provide end-to-end
information technology infrastructure services. The work spans the entire IT life cycle. CSC’s existing work in consulting was expanded to
address DuPont Pharmaceuticals’ specific needs in their next generation of patient monitoring services.
Nortel Networks – Nortel Networks has agreed to outsource certain global information services functions to CSC. Through the agreement,
CSC directly supports the Nortel Networks IS organization by delivering global desktop and help line support, computer infrastructure
management, legacy application development and support and data center management. The agreement covers more than 75,000 desktops
around the world.
U.S. Army -- – CSC was selected as one of twelve prime contractors to participate in the U.S. Army Aviation and Missile Command
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3. Investor Relations 1st Quarter Fiscal 2001
OMNIBUS 2000 Support Services program. Under the program’s three major functional areas, CSC was selected as prime contractor for the
technical contract and was awarded two sub-contracts, one for the logistics area and the second for the programmatics area.
INVESTMENT DATA
NYSE: CSC
Recent Closing Price: 74 1/16 (8/21/00)
52-Week Range: 57 15/16 - 99 7/8
Shares Outstanding: 168.1 million
Registered Shareholders: 9,620
Institutional Ownership: 78%
Average Daily Trading Volume:
1st Quarter FY 2001 - 980,306
Market Cap: $12.4 billion
RESEARCH COVERAGE
A.G. Edwards (Mark Jordan)
Bear, Stearns (Jim Kissane)
CS First Boston (Mark Wolfenberger)
Donaldson, Lufkin & Jenrette (Thomas Rooney)
ING Baring Furman Selz (Brian Maimone)
Goldman Sachs (Greg Gould)
J.P. Morgan Securities (Bob St. Jean)
Lehman Brothers (Karl Keirstead)
Merrill Lynch (Steve McClellan)
Morgan Stanley DW (David Togut)
PaineWebber (Andrew Burns)
SG Cowen & Co. (Moshe Katri)
Salamon Smith Barney (Pat Burton)
Wit SoundView (Gary Helmig)
Standard & Poors (Jonathan Rudy)
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4. Investor Relations 1st Quarter Fiscal 2001
Value Line (George Niemond)
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5. Investor Relations 1st Quarter Fiscal 2001
SHAREHOLDER SERVICES Registrar and transfer agent-
q
ChaseMellon Shareholder Services
For more information regarding CSC:
P.O.Box 3315
q Shareholder services and literature
S. Hackensack, NJ 07606
request line-
USA
(800) 542-3070
www.chasemellon.com
q Facsimile service- (201) 329-8660
(800) 962-7328 (800) 526-0801
q Website- CSC Investor Relations -
q
http://www.csc.com Bill Lackey, Director, Investor Relations
q CSC Headquarters- (310) 615-1700
2100 East Grand Avenue Lisa Runge, Manager, Investor Relations
El Segundo, California 90245, USA (310) 615-1680
(310) 615-0311 Email:InvestorRelations@csc.com
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6. Investor Relations 1st Quarter Fiscal 2001
Forward-Looking Statements
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 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 the Company’s control. These factors could cause
actual results to differ materially from such forward- looking statements. For a description of these factors, see
the section titled “Forward-Looking Statements” in the Company’s Quarterly Report on Form 10-Q for the fiscal
quarter ended June 30, 2000.
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Copyright © 2000 Computer Sciences Corporation. All rights reserved.
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