Medienmitteilung-- November 11, 2003
CSC Reports Second Quarter Revenue up 32%
EL SEGUNDO, California. Computer Sciences Corporation (NYSE: CSC) today reported results for its fiscal 2004 second quarter, ended October 3, 2003. Revenues were $3.59 billion, up 32% over last year's second quarter. Net earnings per share (diluted) were 57 cents after the approximately 3 cents per-share impact of an after-tax special charge of $5.7 million ($9.2 million pre-tax) related to the March 7, 2003, DynCorp acquisition.
The quarter's strong revenue growth was again led by CSC's U.S. federal government activities. Revenues derived from the U.S. federal government nearly doubled from the comparable year-ago quarter to $1.52 billion, an increase of 97%. The March 7, 2003, DynCorp acquisition was the principal driver of CSC's U.S. federal government revenue growth. Global commercial year-over-year revenue increased also, benefiting from a strong contribution from significant new outsourcing accounts as well as foreign currency benefits.
For the second quarter (ended October 3):
- Revenues were $3.59 billion, up 32% (approximately 28% in constant currency);
- Net income was $108.1 million after the pre-tax special charge of $9.2 million ($5.7 million after tax);
- Earnings per share (diluted) were 57 cents;
- and announced major new business awards were $3.5 billion.
- Revenues were $7.15 billion, up 30.5% over the comparable six-month period of fiscal 2003 (approximately 26% in constant currency);
- Net income was $200.4 million after the pre-tax special charge of $15.4 million ($9.6 million, or 5 cents per share, after tax);
- Earnings per share (diluted) were $1.06;
- and announced major new business awards totaled $7.8 billion.