Boston, MA 05/21/2013 (wallstreetpr) – Monday’s trading session saw Computer Sciences Corporation (NYSE:CSC) climbing up by 0.11%. It closed at a price of $44.65 which reached an intraday high of $45.13 before heading down to close at $44.37 per share. The average volume of 1.52 million shares was measured over a 30-day period.
CSC reported 2013 fourth-quarter EPS of $1.27. This was way above the average analyst projection of 96 cents. The company has managed to control its costs and has expended its margins. Computer Sciences Corporation (NYSE:CSC)’s fourth-quarter revenues were $3.70 billion. This figure was 7.3% below the $3.99 billion year-o-year. The drop in revenues was attributed to poor performances in the Managed Services Sector (MSS), North American Public (NPS) segment and in the Business Solutions & Services (BSS).
Segment-wise, Computer Sciences Corporation (NYSE:CSC)’s revenues in the quarter were $1.31 billion or around 35.4% of the total revenue of the company. There was a 6.8% drop in the segment’s revenues on a year over year basis. 68.0% of the total business revenues came from the Department of Defense. This amounted to a total contribution of $884.0 million, which was a 8.0% drop in comparison with revenue in the same period a year ago. Apart from this, the NPS segment’s revenues are inclusive of a $365 million contribution that came from the civil agencies.
Computer Sciences Corporation (CSC) is involved in the professional services and information technology (IT) industry. Its clients consist of commercial enterprises and governments.
