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.
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.
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.
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 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 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.
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.
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.
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 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.
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.
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 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 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.
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.
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.
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.
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 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.
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.
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
- CC Media Holdings reported financial results for Q4 2008 and full year 2008. Revenue declined 14% to $1.6 billion in Q4 2008 and 3% to $6.7 billion for the full year.
- The company recognized a non-cash impairment charge of $5.3 billion in Q4 2008, consisting of $1.7 billion for FCC licenses and permits and $3.6 billion for goodwill.
- OIBDAN (operating income before depreciation and amortization) declined 50% to $309 million in Q4 2008 and 21% to $1.8 billion for the full year, as revenues declined across most divisions and markets due to weak advertising spending
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 (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.
Spectra Energy reported higher third quarter 2008 results compared to the prior year quarter, with net income up 26% and ongoing net income up 26%. All business segments performed strongly due to higher commodity prices and operating performance. The company completed its 2008 capital expansion plan, which will provide returns at the top end of the targeted range of approximately 12%. Spectra Energy expects to exceed its 2008 EPS target of $1.56.
U.S. Bancorp reported record net income for the second quarter of 2005 of $1.121 billion, an 8.1% increase from the second quarter of 2004. Key factors contributing to increased earnings included strong growth in fee-based revenue across most categories, lower credit costs, and reduced tax expenses. However, net interest income declined slightly due to margin compression from tighter credit spreads and changes in asset/liability management. Overall, the results demonstrated continued strong performance and returns, with loan growth, improving credit quality, and investments positioned to further enhance the business.
DuPont reported solid third quarter results for 2008. Sales increased 9% to $7.3 billion due to higher prices and currency benefits, though volume declined 4% due to weak demand and hurricanes. Earnings per share were $0.40 including hurricane charges, but were $0.56 excluding items, down from $0.59 in 2007 due to higher costs. Emerging markets sales grew 25% and accounted for 68% of total sales. The outlook for Q4 2008 EPS is $0.20-$0.25 and $3.25-$3.30 for full year 2008, excluding items.
Sprint Nextel reported financial results for the first quarter of 2008, with consolidated revenues declining 8% year-over-year to $9.3 billion due to lower contributions from Wireless. Wireless revenues fell 9% to $8 billion as average revenue per user and subscriber numbers declined. Wireline revenues grew 2% to $1.6 billion on strong demand for IP services. The company reported a net loss of $505 million for the quarter and saw post-paid subscriber losses of over 1 million. Sprint focused on improving the customer experience and reducing costs, while making progress on wireless integration goals.
Duke Energy reported third quarter 2003 earnings per share of $0.05 compared to $0.27 in third quarter 2002. Excluding special items, earnings per share was $0.35 compared to $0.51 the previous year. The company implemented a cost reduction plan expected to reduce annual pretax expenses by over $200 million. Duke Energy is on track to pay down $1.8 billion in debt by the end of the year and $5.5 billion by the end of 2005.
Cathay General Bancorp reported net income of $10.2 million for Q1 2009, down significantly from $27.3 million in Q1 2008. Earnings per share were $0.12 compared to $0.55 the previous year. Non-interest income increased to $27.7 million due to gains on securities sales, but this was offset by a rise in provision for credit losses to $47 million and increased non-interest expenses. Total assets decreased slightly to $11.4 billion while deposits grew 6.3% to $7.3 billion, though loans fell 1.1% to $7.4 billion amid weak economic conditions.
This document provides an annual investors' report for Burlington Northern Santa Fe Corporation for 2001. It includes key financial information such as earnings results for Q4 and full year 2001, operating revenues and expenses, balance sheet information, and cash flow information. Specifically, it notes that Q4 2001 earnings were $0.46 per share including workforce reduction costs, or $0.57 per share excluding those costs. For the full year, earnings were $1.87 per share including unusual items, or $2.08 per share excluding unusual items. It also highlights free cash flow of $443 million for the full year, up 3% from 2000.
Aon reported first quarter 2008 results with total revenue growing 7% to $1.9 billion and EPS from continuing operations increasing 10% to $0.56. Key highlights included adjusted EPS excluding items increasing 25% to $0.71, adjusted pretax margins increasing in both brokerage up 100 bps to 19.5% and consulting up 430 bps to 19.2%, and the company repurchasing $860 million of shares year-to-date. Segment reviews showed brokerage organic revenue up 2% and consulting up 4% while pretax income rose in both segments.
motorola Q4 2008 Earnings Press Release and Financial Tablesfinance7
Motorola reported financial results for the fourth quarter of 2008 with $7.1 billion in sales and a GAAP net loss of $3.6 billion or $1.57 per share. The company implemented cost reduction actions of approximately $1.5 billion for 2009 in response to economic challenges. Mobile Devices sales were $2.35 billion with an operating loss of $595 million, while Home and Networks Mobility operating earnings increased 34% to $257 million on sales of $2.6 billion. The company expects cost savings of more than $1.2 billion from Mobile Devices restructuring in 2009.
u.s.bancorp1Q 2003 Earnings Release and Supplemental Analyst Schedulesfinance13
U.S. Bancorp reported a 20.5% increase in net income for the first quarter of 2003 compared to the same period in 2002. Net income was $911.2 million for Q1 2003, up from $756.0 million in Q1 2002. Earnings per share increased 20.5% to $0.47. Total net revenue grew 10.1% to $3.3 billion due to increases in net interest income, gains on securities sales, and growth in consumer banking and payment services revenue. Noninterest expense rose 9.1% to $1.6 billion, reflecting a mortgage servicing rights impairment of $120.9 million in Q1 2003.
5
J.P. Morgan Chase & Co. reported second quarter 2009 net income of $2.7 billion, up 36% from the prior year. Revenue was a record $27.7 billion. The Investment Bank reported record revenue for the first half of 2009, including record fees and fixed income markets revenue. Retail Financial Services saw higher revenue due to the Washington Mutual acquisition, but a higher provision for credit losses led to a net loss. JPMorgan maintained a strong capital position with Tier 1 capital of $122.2 billion after repaying $25 billion in TARP funds.
This job announcement is for a Human Resources Assistant position with the Missouri National Guard located in Jefferson Barracks, MO. The salary range is $27,990 to $45,376 per year. Applicants must be current members of the Missouri Army National Guard with an MOS of 42 or 92. Duties include military personnel work, administrative tasks, and completing required documentation. Applicants must submit an application package including a qualifications questionnaire, resume, AGMO Form 335-1-R, and transcripts if using education to qualify. The deadline to apply is October 18, 2012.
The Progressive Corporation held a conference call to discuss its quarterly financial results. For the second quarter of 2005, the Company's net written premiums increased 7% to $3.594 billion and net income increased 2% to $394.3 million compared to the same period in 2004. The combined ratio, a measure of profitability, improved slightly to 86.1% from 85.4% the prior year. The Company also reported that its conference call to discuss third quarter results is scheduled for August 9, 2005.
Session4 the role of successful pilot projects for re business development au...RCREEE
This project summarizes the experience of the MED-ENEC pilot projects in promoting renewable energy business development. It discusses how the projects implemented renewable energy technologies in 10 buildings across 10 countries to demonstrate technical and economic viability. It also describes how the projects helped build networks among stakeholders and provided online resources and a business database to support companies. The overall goal was to provide a boost to energy efficiency and solar energy use in the construction sector.
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 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.
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.
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
- CC Media Holdings reported financial results for Q4 2008 and full year 2008. Revenue declined 14% to $1.6 billion in Q4 2008 and 3% to $6.7 billion for the full year.
- The company recognized a non-cash impairment charge of $5.3 billion in Q4 2008, consisting of $1.7 billion for FCC licenses and permits and $3.6 billion for goodwill.
- OIBDAN (operating income before depreciation and amortization) declined 50% to $309 million in Q4 2008 and 21% to $1.8 billion for the full year, as revenues declined across most divisions and markets due to weak advertising spending
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 (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.
Spectra Energy reported higher third quarter 2008 results compared to the prior year quarter, with net income up 26% and ongoing net income up 26%. All business segments performed strongly due to higher commodity prices and operating performance. The company completed its 2008 capital expansion plan, which will provide returns at the top end of the targeted range of approximately 12%. Spectra Energy expects to exceed its 2008 EPS target of $1.56.
U.S. Bancorp reported record net income for the second quarter of 2005 of $1.121 billion, an 8.1% increase from the second quarter of 2004. Key factors contributing to increased earnings included strong growth in fee-based revenue across most categories, lower credit costs, and reduced tax expenses. However, net interest income declined slightly due to margin compression from tighter credit spreads and changes in asset/liability management. Overall, the results demonstrated continued strong performance and returns, with loan growth, improving credit quality, and investments positioned to further enhance the business.
DuPont reported solid third quarter results for 2008. Sales increased 9% to $7.3 billion due to higher prices and currency benefits, though volume declined 4% due to weak demand and hurricanes. Earnings per share were $0.40 including hurricane charges, but were $0.56 excluding items, down from $0.59 in 2007 due to higher costs. Emerging markets sales grew 25% and accounted for 68% of total sales. The outlook for Q4 2008 EPS is $0.20-$0.25 and $3.25-$3.30 for full year 2008, excluding items.
Sprint Nextel reported financial results for the first quarter of 2008, with consolidated revenues declining 8% year-over-year to $9.3 billion due to lower contributions from Wireless. Wireless revenues fell 9% to $8 billion as average revenue per user and subscriber numbers declined. Wireline revenues grew 2% to $1.6 billion on strong demand for IP services. The company reported a net loss of $505 million for the quarter and saw post-paid subscriber losses of over 1 million. Sprint focused on improving the customer experience and reducing costs, while making progress on wireless integration goals.
Duke Energy reported third quarter 2003 earnings per share of $0.05 compared to $0.27 in third quarter 2002. Excluding special items, earnings per share was $0.35 compared to $0.51 the previous year. The company implemented a cost reduction plan expected to reduce annual pretax expenses by over $200 million. Duke Energy is on track to pay down $1.8 billion in debt by the end of the year and $5.5 billion by the end of 2005.
Cathay General Bancorp reported net income of $10.2 million for Q1 2009, down significantly from $27.3 million in Q1 2008. Earnings per share were $0.12 compared to $0.55 the previous year. Non-interest income increased to $27.7 million due to gains on securities sales, but this was offset by a rise in provision for credit losses to $47 million and increased non-interest expenses. Total assets decreased slightly to $11.4 billion while deposits grew 6.3% to $7.3 billion, though loans fell 1.1% to $7.4 billion amid weak economic conditions.
This document provides an annual investors' report for Burlington Northern Santa Fe Corporation for 2001. It includes key financial information such as earnings results for Q4 and full year 2001, operating revenues and expenses, balance sheet information, and cash flow information. Specifically, it notes that Q4 2001 earnings were $0.46 per share including workforce reduction costs, or $0.57 per share excluding those costs. For the full year, earnings were $1.87 per share including unusual items, or $2.08 per share excluding unusual items. It also highlights free cash flow of $443 million for the full year, up 3% from 2000.
Aon reported first quarter 2008 results with total revenue growing 7% to $1.9 billion and EPS from continuing operations increasing 10% to $0.56. Key highlights included adjusted EPS excluding items increasing 25% to $0.71, adjusted pretax margins increasing in both brokerage up 100 bps to 19.5% and consulting up 430 bps to 19.2%, and the company repurchasing $860 million of shares year-to-date. Segment reviews showed brokerage organic revenue up 2% and consulting up 4% while pretax income rose in both segments.
motorola Q4 2008 Earnings Press Release and Financial Tablesfinance7
Motorola reported financial results for the fourth quarter of 2008 with $7.1 billion in sales and a GAAP net loss of $3.6 billion or $1.57 per share. The company implemented cost reduction actions of approximately $1.5 billion for 2009 in response to economic challenges. Mobile Devices sales were $2.35 billion with an operating loss of $595 million, while Home and Networks Mobility operating earnings increased 34% to $257 million on sales of $2.6 billion. The company expects cost savings of more than $1.2 billion from Mobile Devices restructuring in 2009.
u.s.bancorp1Q 2003 Earnings Release and Supplemental Analyst Schedulesfinance13
U.S. Bancorp reported a 20.5% increase in net income for the first quarter of 2003 compared to the same period in 2002. Net income was $911.2 million for Q1 2003, up from $756.0 million in Q1 2002. Earnings per share increased 20.5% to $0.47. Total net revenue grew 10.1% to $3.3 billion due to increases in net interest income, gains on securities sales, and growth in consumer banking and payment services revenue. Noninterest expense rose 9.1% to $1.6 billion, reflecting a mortgage servicing rights impairment of $120.9 million in Q1 2003.
5
J.P. Morgan Chase & Co. reported second quarter 2009 net income of $2.7 billion, up 36% from the prior year. Revenue was a record $27.7 billion. The Investment Bank reported record revenue for the first half of 2009, including record fees and fixed income markets revenue. Retail Financial Services saw higher revenue due to the Washington Mutual acquisition, but a higher provision for credit losses led to a net loss. JPMorgan maintained a strong capital position with Tier 1 capital of $122.2 billion after repaying $25 billion in TARP funds.
This job announcement is for a Human Resources Assistant position with the Missouri National Guard located in Jefferson Barracks, MO. The salary range is $27,990 to $45,376 per year. Applicants must be current members of the Missouri Army National Guard with an MOS of 42 or 92. Duties include military personnel work, administrative tasks, and completing required documentation. Applicants must submit an application package including a qualifications questionnaire, resume, AGMO Form 335-1-R, and transcripts if using education to qualify. The deadline to apply is October 18, 2012.
The Progressive Corporation held a conference call to discuss its quarterly financial results. For the second quarter of 2005, the Company's net written premiums increased 7% to $3.594 billion and net income increased 2% to $394.3 million compared to the same period in 2004. The combined ratio, a measure of profitability, improved slightly to 86.1% from 85.4% the prior year. The Company also reported that its conference call to discuss third quarter results is scheduled for August 9, 2005.
Session4 the role of successful pilot projects for re business development au...RCREEE
This project summarizes the experience of the MED-ENEC pilot projects in promoting renewable energy business development. It discusses how the projects implemented renewable energy technologies in 10 buildings across 10 countries to demonstrate technical and economic viability. It also describes how the projects helped build networks among stakeholders and provided online resources and a business database to support companies. The overall goal was to provide a boost to energy efficiency and solar energy use in the construction sector.
This document discusses a proposed renewable energy project that would generate between 50-100 megawatts of power. The project involves installing solar photovoltaic panels to generate electricity without fossil fuels or other pollutants. It is estimated the solar farm could produce enough energy to power over 50,000 homes annually if built at the 50 megawatt scale.
David Lefty Schlesinger’s Presentation at eComm 2009eCommConf
The document discusses governance models for mobile operating systems. It compares the governance of iPhone by Apple, Android by Google, and Symbian by their respective companies. It then outlines how the LiMo Foundation uses open source governance principles and shares resources among members to improve its mobile OS collaboratively while also protecting developers and consumers.
#NG754814 (Training Technician GS-09/11, Jefferson Barracks, MO) (Army vacancy)Steven Brothers
This job announcement is for a Training Technician position with the Missouri National Guard located at Jefferson Barracks, MO. The position is full time and permanent with a salary range of $47,448 to $74,628 per year. Duties include formulating, overseeing and evaluating training programs for the command. Qualifications required are 36 months of specialized experience for the GS-11 level and 24 months for the GS-09 level in developing and evaluating training plans. The position will be filled at either the GS-09 or GS-11 level. Applicants must be current members of the Missouri Army National Guard.
La Web 2.0 se define como una web orientada al acceso y construcción del conocimiento a través de la interacción y compartición entre usuarios. Google ofrece diversas herramientas como Gmail, Google Earth y Google Docs. Los blogs, wikis, repositorios y Flickr permiten publicar y editar contenido de forma colaborativa. Estas herramientas facilitan procesos de aprendizaje activo, participación, producción y circulación de información entre estudiantes.
The document summarizes key findings from the World Energy Council's 2012-2013 global survey on energy efficiency policies. Some of the main points covered in the summary are:
- Around 73% of surveyed countries have a national energy agency and about half have local or regional agencies as well.
- The number of countries with quantitative energy efficiency targets is increasing across all regions. 60% have sector-specific targets and around 20% have targets for primary energy consumption.
- Regulation measures, such as minimum performance standards and labels, make up around 70% of all policies on average. Financial incentives represent about 20% of measures.
- Measures targeting the residential sector dominate in all regions, accounting for around 60
The role of aidmo in supporting shamci programRCREEE
The document discusses AIDMO's involvement in solar certification projects in the Arab world. AIDMO will cooperate with SHAMCI to coordinate different components of the solar water heater certification process. AIDMO will also contribute its project on quality infrastructure, which includes establishing management systems for laboratories and certification bodies, and accrediting these organizations. AIDMO aims to support the development of industry, energy, and standards in Arab countries.
Egypt has been actively involved in climate change mitigation through the Clean Development Mechanism (CDM). It signed the UNFCCC in 1992 and the Kyoto Protocol in 1999/2005. Egypt currently has 7 registered CDM projects, 1 requesting registration, 8 under validation, and 55 in the pipeline. Despite the small number of registered projects, Egypt leads Africa in CDM. Barriers to wider CDM adoption include lack of awareness, resources, technical/legal capacity, and financing. Actions taken include establishing the CDM Awareness & Promotion Unit to promote CDM and assist project developers, preparing Project Idea Notes, assisting with registration and financing, and establishing Programmes of Activities.
Improving Your App Quality with Raygun Error ReportingRuss Fustino
Russ Fustino shares a great error reporting tool that is fast and reliable, no matter what the load. See how he used Raygun this during the development cycle to help debug errors and some weird bugs for the Endorsed Jethro Tull app. It is also great for the production environment and gives you real time data and affected user information. Be proactive and fix errors before your users hound you down. See an overview of Raygun and the many supported platforms as well as integrations.
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.
Aon reported financial results for the 4th quarter and full year of 2008. 4th quarter revenue was $1.9 billion, with organic growth in commissions and fees of 2%. EPS from continuing operations was $0.43. For the quarter, adjusted pretax margin increased 150 basis points to 19.9% in brokerage and 180 basis points to 19% in consulting. Full year 2008 revenue increased 4% to $7.6 billion with organic growth of 2%, and net income increased 71% to $1.5 billion compared to the prior year.
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.
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.
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.
Qwest Communications reported a Q2 2003 net loss of $91 million compared to a net income of $128 million in Q1 2003. Total access lines declined by 1.4% from the previous quarter to 16.5 million lines. Qwest stated that their financial statements for 2000-2002 are essentially complete pending final SEC and auditor reviews.
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.
CIT Group Inc. reported quarterly and annual financial results. For the quarter, net earnings were $134.7 million and net operating earnings were $157.1 million. Credit quality metrics like delinquencies and charge-offs were slightly higher than the previous quarter. The commercial paper program was re-launched at $4.7 billion outstanding and new bank credit facilities were completed, improving the company's funding and liquidity position. Origination volumes increased compared to the previous quarter across most business units.
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.
Citigroup reported a 60% decline in third quarter net income to $2.21 billion compared to the prior year. Revenues increased 5% to $22.4 billion driven by 29% growth in international revenues, however this was more than offset by a $2.98 billion increase in credit costs. The revenue growth was primarily due to strong international consumer and wealth management results, while fixed income revenues declined significantly due to losses related to dislocations in the mortgage-backed securities and credit markets. Higher credit costs were the primary driver of the net income decline.
Aon reported financial results for the third quarter of 2008. Total revenue grew 6% to $1.8 billion with organic revenue growth of 2%. Earnings per share from continuing operations increased 27% to $0.52. Key highlights included a 33% increase in adjusted EPS to $0.69, a 140 basis point increase in adjusted pretax margin to 15.1%, and 6% organic revenue growth in commissions, fees and other. The company also repurchased $426 million of shares and increased projected annual savings from restructuring programs.
Citi reported a $5.1 billion net loss for Q1 2008, driven by write-downs in fixed income due to sub-prime exposures and losses in highly leveraged finance. Revenues fell 48% to $13.2 billion due to these losses, though transaction services grew 42% and wealth management grew 16%. Credit costs increased $3 billion as consumer delinquencies rose in the weakening US economy. Management is taking actions to strengthen the balance sheet through capital raises and divestitures of non-core assets.
u.s.bancorp4Q 2003 Earnings Release and Supplemental Analyst Schedules finance13
U.S. Bancorp reported a 19.2% increase in net income for the fourth quarter of 2003 compared to the same period in 2002. Earnings per share increased 16.3% to $0.50. Net interest income increased 2.9% to $1.816.7 million due to growth in average earning assets. Provision for credit losses decreased 18.1% and noninterest expense decreased 9.7% contributing to the rise in net income. The company also completed the spin-off of Piper Jaffray Companies.
Citi reported record quarterly revenues of $25.5 billion, up 15%, and net income of $5.01 billion, down 10% from the prior year. Net income was reduced by an $871 million after-tax charge related to a structural expense review. Excluding this charge, net income was $5.88 billion, down 9% due to higher credit costs and a lower tax benefit. Revenues grew across most business segments, led by a 23% increase in Markets & Banking revenues. Credit costs increased $1.26 billion due to higher net losses and increases to loan loss reserves.
u.s.bancorp2Q 2003 Earnings Release and Supplemental Analyst Schedulesfinance13
U.S. Bancorp reported record net income of $953.6 million for the second quarter of 2003, an increase of 15.9% from the second quarter of 2002. Earnings per share increased 14% to $0.49. Total net revenue grew 10.8% to $3.471.9 million due to increases in net interest income, payment services revenue, mortgage banking activities, and acquisitions. Noninterest expense increased 11.1% to $1.696.5 million primarily due to a $182 million increase in mortgage servicing rights impairment from declining interest rates. Credit quality improved with net charge-offs of $322.9 million and nonperforming assets of $1.
1) CIT Group reported net income of $127.0 million or $0.60 diluted earnings per share for Q1 2003, down from $141.3 million or $0.67 EPS in the previous quarter.
2) Key credit quality metrics such as delinquencies and non-performing assets declined sequentially for the second quarter in a row.
3) Charge-offs decreased over 25% from the prior quarter to $114.3 million, driven by reductions in most business segments.
- 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
This document is Gannett's 2003 annual report. It includes a 2003 financial summary showing increases in operating revenues, net income, and earnings per share. The letter to shareholders discusses key events in 2003, including the war in Iraq which impacted the economy and advertising. Congress passed new media ownership rules and a "Do Not Call" registry, both of which impacted Gannett's business. Despite challenges, Gannett achieved record financial results through the hard work of its employees.
This document outlines Computer Sciences Corporation's equity grant policy, including the types of equity grants awarded, grant dates, approval process, and reporting requirements. It states that CSC issues equity grants to directors and employees to attract, retain, and motivate them. Equity grants include stock options, restricted stock, and restricted stock units. Grant dates depend on whether the recipient is a director, new hire, promotion, or current employee. Senior executive grants require higher levels of approval than non-senior grants. The company must stay within an approved annual equity grant budget.
The document outlines the bylaws of Computer Sciences Corporation. It details the principal office location, procedures for annual and special stockholder meetings, requirements for submitting items and nominations for consideration at meetings, and election of directors. Key details include timelines for submitting proposals/nominations, information required to be provided, and requirements for stockholders to present submitted items at meetings.
This document restates the articles of incorporation of Computer Sciences Corporation. It outlines the corporation's name, principal office location, nature of business, capital stock structure including 750 million shares of common stock and 1 million shares of preferred stock. It provides the board of directors authority to establish terms for preferred stock series and outlines shareholder rights and restrictions.
This document outlines a supplemental code of ethics specifically for a company's Chairman and Chief Executive Officer, Vice President and Chief Financial Officer, and Vice President and Chief Accounting Officer. The code builds upon the company's existing code of ethics and standards of conduct applicable to all directors, officers, and employees. It requires these executives to act with honesty and integrity, avoid conflicts of interest, ensure full financial disclosure, comply with all applicable laws and regulations, and promptly report any unethical or illegal conduct. Violations will be reported to the board of directors who will determine appropriate accountability actions.
This document outlines the Code of Ethics and Standards of Conduct for Computer Sciences Corporation (CSC). It discusses CSC's commitment to ethics, integrity and social responsibility. It also summarizes the principles of avoiding conflicts of interest, protecting company and customer property, providing accurate records and reports, maintaining a professional work environment, and procedures for reporting violations. Adherence to the Code is required by all CSC directors, employees and representatives.
This document outlines the corporate governance guidelines for Computer Sciences Corporation. It addresses the role of the board of directors in overseeing management and acting in good faith. It also covers the composition of the board, including the size, selection process, and independence of directors. The document provides qualifications for directors, including limits on other board service and procedures for changes in job responsibilities. It describes board committees, conduct of meetings, access to management and advisors, performance evaluations, director compensation, orientation, education, and succession planning.
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.
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.
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.
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.
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 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 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 (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.
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 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 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.
South Dakota State University degree offer diploma Transcriptynfqplhm
办理美国SDSU毕业证书制作南达科他州立大学假文凭定制Q微168899991做SDSU留信网教留服认证海牙认证改SDSU成绩单GPA做SDSU假学位证假文凭高仿毕业证GRE代考如何申请南达科他州立大学South Dakota State University degree offer diploma Transcript
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck mari...Donc Test
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdfshruti1menon2
NIM is calculated as the difference between interest income earned and interest expenses paid, divided by interest-earning assets.
Importance: NIM serves as a critical measure of a financial institution's profitability and operational efficiency. It reflects how effectively the institution is utilizing its interest-earning assets to generate income while managing interest costs.
The Impact of Generative AI and 4th Industrial RevolutionPaolo Maresca
This infographic explores the transformative power of Generative AI, a key driver of the 4th Industrial Revolution. Discover how Generative AI is revolutionizing industries, accelerating innovation, and shaping the future of work.
An accounting information system (AIS) refers to tools and systems designed for the collection and display of accounting information so accountants and executives can make informed decisions.
1. Quar terly Highlights
Second Quarter Fiscal 2004 (Ended October 3, 2003)
Our results for the second quarter continue to track to our expectations. We have completed a solid first six
About CSC
months of the current fiscal year. Our commitment to continue to provide premier services to the U.S. fed-
eral government, exemplified by the March acquisition of DynCorp, has played a major role in our strong
Founded in 1959,
revenue growth over the past six months.
Computer Sciences
Van B. Honeycutt
Corporation is a leading
Chairman and Chief Executive Officer
information technology
Computer Sciences Corporation
(IT) services company.
CSC results for its fiscal 2004 second quarter included: Revenue of $3.59 billion, up 32% (approximately
CSC’s mission is to provide
28% in constant currency) over last year’s second quarter; Net income of $108.1 million after the pre-tax
customers in industry
special charge of $9.2 million ($5.7 million after tax) related to the March 7, 2003, DynCorp acquisition;
and government with
Earnings per share (diluted) of 57 cents after the approximately 3 cents per-share impact of the special
solutions crafted to meet
charge; and announced major new business awards were $3.5 billion.
their specific challenges
The 29-month federal pipeline of opportunities currently stands at approximately $41 billion, evenly
and enable them to profit
divided between DoD and civil agencies. Importantly, approximately $15 billion in federal contracts is sched-
from the advanced use
uled to be awarded over the remainder of CSC’s fiscal 2004. The market for global commercial IT infrastruc-
of technology. ture services continues to be firm, especially in Europe. During the first two quarters of the current fiscal
year, CSC has announced $4.6 billion in commercial awards. Together with the $2.6 billion in commercial
With more than 92,000 awards for the March quarter, commercial awards during the last nine months were $7.2 billion of the $11.6
employees, CSC provides billion total -- an indicator of solid contributions to future revenue.
innovative solutions for Demand for short-term commercial consulting and systems integration services continues to be mixed,
customers around the depending to a large degree on specific geographic market conditions. CSC’s North American short-term
world by applying leading project activities seem to have stabilized, but softness in Europe and Asia Pacific persists. The strength of
CSC’s commercial outsourcing business in Europe during the quarter more than offset the reduced discre-
technologies and CSC’s
tionary spending which normally fuels demand for global consulting and systems integration activity.
own advanced capabili-
For the third quarter of fiscal 2004, ending January 2, 2004, CSC management believes revenues will be in
ties. These include systems
the $3.6 billion range, and earnings per share (diluted) will be in the 68 cents to 70 cents range. CSC remains
design and integration;
comfortable with the consensus revenue and earnings-per-share estimates for the full year. These quarterly
IT and business process
outsourcing; applications and annual estimates exclude any further DynCorp acquisition-related special charge.
For the second quarter, revenue derived from CSC’s U.S. federal government activities continued to
software development;
reflect the positive impact of the recent DynCorp acquisition. Revenues increased to $1.52 billion, up 97%
Web and application
from last year. Revenues generated from CSC’s DoD related activities more than doubled to $984.6 million
hosting; and management
from last year’s second quarter. CSC’s civil agencies revenue was $534.6 million, up 65.8% from the compara-
consulting. ble quarter last year.
Global commercial revenues were up 6.3% (approximately 1% in constant currency) to $2.07 billion
Headquartered in compared with last year’s second quarter. U.S. commercial revenue was $932.0 million, down 1.9%. European
El Segundo, California, revenue was $851.9 million, up 21.1% (approximately 11% in constant currency) compared to last year.
CSC reported revenue Global commercial and European revenue were the beneficiaries of meaningful new outsourcing activities
of $13.0 billion for the 12 and favorable currency exchange rate movements. CSC's non-European international revenue declined 2.3%
months ended July 4, 2003. (down approximately 13% in constant currency) to $288.1 million from last year's second quarter.
FINANCIAL HIGHLIGHTS
2ND QUARTER FISCAL 2004
REVENUES BY MAJOR MARKET (unaudited)
Commercial U.S. Federal Second Quarter Six Months Ended
58% 42%
$ in millions, except 10/3/03 10/3/03
9/27/02 9/27/02
($ in millions)
per-share amounts
U.S. Commercial – $932.0
26% 27% Revenues* $ 3,591.2 $ 7,146.0 $ 5,473.8
$ 2,720.1
Europe – $851.9
Net Income $ 108.1 $ 200.4 $
$ 92.9 171.9
Other International – $288.1
U.S. DoD – $984.6
15%
24% Diluted Earnings
Per Share $ 0.57 $ 1.06 $
$ 0.54 1.00
8% U.S. Civil Agencies – $534.6
Total – $3,591.2 * Figures have been adjusted to conform to CSC’s current presentation.
2. •
CSC’S SERVICES ENCOMPASS INVESTMENT DATA
Providian – Under an IT outsourcing
SEVERAL BROAD AREAS NYSE: CSC
agreement signed with Providian
• Outsourcing – Involves operating all Recent Closing Price: 41.69 (11/19/03)
Financial Corporation, CSC will
or a portion of a customer’s technology 52-Week Range: 26.52 – 44.99
assume responsibility for Providian’s
infrastructure. CSC also provides Shares Outstanding: 187.3 million
desktop, help desk, server, security
business process outsourcing, which is Registered Shareholders: 12,022
administration, e-mail, and voice and
the management of a client’s non-core Institutional Ownership: 81%
data network infrastructure functions.
business functions. Average Daily Trading Volume:
CSC was selected because it offers
2nd Quarter FY 2004 – 1,241,531
the most compelling value proposition
• IT & Professional Services – Designing, Market Cap: $8.0 billion
that aligns with Providian’s strategic
developing, implementing and integrat- objectives.
ing complete information systems, as RESEARCH COVERAGE
•
well as advising clients on the strategic A.G. Edwards (Timothy Willi)
U.S. Air Force – CSC was one of six
acquisition and utilization of IT. Bear, Stearns ( Jim Kissane)
companies selected to support the U.S.
Bernstein (Rod Bourgeois)
Air Force under the Air Force Informa-
RECENT ENGAGEMENTS INCLUDE: CS First Boston (Dris Upitis)
tion Warfare Center's Engineering and
• Ascension Health – Ascension Health, Deutsche Bank (Bill Zinsmeister)
Technical Services Support II contracts.
the largest U.S. nonprofit health system, Goldman Sachs (Greg Gould)
Under the terms of the award, CSC will
has selected CSC for an IT outsourcing J.P. Morgan Securities (Dirk Godsey)
provide professional, engineering and
contract. CSC was chosen because of its Jefferies & Co. ( Joe Vafi)
other services. This contract signifies
commitment to Ascension associates Legg Mason (Bill Loomis)
the reputation CSC’s has earned in the
transitioning to CSC, and CSC’s history Lehman Brothers (Louis Miscioscia)
intelligence community for providing
of helping healthcare organizations McDonald Investments (Michael Keller)
experienced professionals who produce
achieve real business results through the Merrill Lynch (Jennifer Dugan)
results.
strategic and efficient application of Morgan Stanley (David Togut)
•
technology solutions. Prudential Securities (Bryan Keane)
U.S. Army – CSC has been awarded a
Scotia Capital (Peter Misek)
contract to provide simulator-based
• Maybank – CSC and Malayan Banking SG Cowen & Co. (Moshe Katri)
flight training and related aviation
Berhad (Maybank), Malaysia’s largest Smith Barney Citigroup (Pat Burton)
training support activities to the U.S.
banking group, signed an IT outsourcing SoundView ( John Jones, Jr.)
Army Aviation Center at Ft. Rucker,
agreement under which CSC will provide Standard & Poor’s ( Richard Stice)
Alabama. Under the contract CSC will
comprehensive computing services to Thomas Weisel Partners (David Grossman)
help the Army maximize its use of high
Maybank in Malaysia and Singapore. UBS Warburg (Adam Frisch)
technology training methodologies and
The agreement is expected to showcase U.S. Bancorp Piper Jaffray
virtual flight simulators to enhance
CSC’s ability to leverage its global (T. Brett Manderfeld)
training effectiveness and significantly
strengths and experience, along with the Value Line (George Niemond)
reduce costs.
delivery capabilities of local affiliates, to
provide business and operational results SHAREHOLDER SERVICES
for clients. For more information regarding CSC:
• Shareholder services and literature
CSC REVENUE GROWTH FIRST SIX MONTHS FISCAL 2004 request line – (800)542-3070
FY 1999-2003* REVENUES BY BUSINESS SERVICE*
• Website – www.csc.com
$ in billions
$ 12
• Registrar and transfer agent –
18%
Mellon Investor Services
40%
P.O. Box 3315
37%
10 S. Hackensack, New Jersey 07606
(800)526 - 0801 or (201)329- 8660
www.melloninvestor.com
5%
8
•
OUTSOURCING . . . . . . . . . . . . . . . . . . . 45% CSC Investor Relations –
Global Commercial 40%
Bill Lackey
U.S. Federal Sector 5%
Director, Investor Relations
IT & PROFESSIONAL SERVICES . . . . . . . . 55%
(310)615-1700
6 Global Commercial 18%
FY99 FY00 FY01 FY02 FY03
U.S. Federal Sector 37%
Lisa Runge
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
• Headquarters
and beliefs, and are subject to risks, uncertainties and other factors, many of which are outside
2100 East Grand Avenue
the Company’s control. These factors could cause actual results to differ materially from such
El Segundo, California 90245, USA
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 (310)615-0311
ended October 3, 2003.
Printed in U.S.A. WH# CC-2Q04