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IT Consulting Company Profile: Computer Sciences Corporation (CSC) Part (4)

By admin | Nov 14, 2011

KEY FACTS

  • Federal government contracts generated 36 percent of CSC’s revenue in fiscal year 2007, with two-thirds of the work coming from the U.S. Department of Defense.
  • CSC’s commercial revenue is split relatively evenly between the U.S. (26 percent) and Europe (30 percent), with the remainder coming from other international clients.
  • Recent contracts include a $1.3 billion deal with Zurich Financial Services, a $1.1 billion deal with Textron, and a $600 million agreement with Aon.

Recent Highlights

  • 2008 Recognized by the U.S. Treasury as Large Business of the Year. 2007 Mike Laphen becomes CEO.
  • 2007 Completes $1.3 billion acquisition of Covansys, a tech consulting company with operations in India.
  • 2007 Opens new delivery center in Prague in response to client demand and as part of its World Sourcing model.

2006 Company repurchases $2 billion of its common stock to pursue aggressive expansion strategy.

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