News Article -- August 14, 2008
CSC Expects M'sian Unit To Post 15-20 PCT Growth in Revenue
(Source: Malaysian Economic News)Computer Sciences Corporation (CSC), an information technology (IT) solutions provider, expects its wholly-owned subsidiary, Computer Systems Advisers (M) Sdn Bhd (CSA), to post a 15-20 percent growth in revenue.
CSC Asia Group president, Mike Shove, said the target was based on a buoyant market fuelled by a growing number of organisations looking at IT outsourcing in Malaysia.
"We grew the business by about 15 percent last year. We expect to grow at least by that rate going forward," he told a media briefing on the privatisation of CSA Malaysia today.
Shove said given the current economic challenges, CSC actually did well because customers were looking at ways to become efficient and focus on core business.
"Therefore, CSC has not seen any slowdown in its business in Asia," he said.
Shove said Asia represented about five percent of CSC global business and Malaysia about 1.5 percent.
Among CSA Malaysia's clients are Maybank, Motorola and DuPont, he said.
He said CSC would allow its Malaysian unit to cement its position and continue expanding its reach locally and in the region.
"The company will also allow it the flexibility in the integration, consolidation and streamlining of businesses between CSA Malaysia and the CSC group of companies," he said.
CSA Malaysia was privatised on June 12 from the cancellation of the remaining 50 percent of the company's shares for RM197.4 million. Established in 1971, it reported about RM433.9 million in revenue in 2007.
Shove said the acquisition also showed CSC's commitment to expand its business in Malaysia on a long-term basis and would help CSC develop Malaysia into a hub for its regional operations, especially the service desk and procurement businesses.
"CSA Malaysia was chosen based on its solid track record and wide range of IT expertise in Malaysia. We are confident that our investments will be worthwhile while remaining competitive in time to come," he said.
He said the other factors were Malaysia's talent and skill pool which currently enabled it to provide support to clients in Asia, Europe, Middle East, Africa and US seamlessly in over nine different languages.
Shove said with CSA Malaysia's operational headquarters status, the company planned to expand the regional roles to marketing, procurement and training functions.
Going forward, Shove said, CSA Malaysia's focus segments would be financial services, manufacturing, government bodies and healthcare.
Headquartered in Falls Church, US, CSC has about 90,000 employees and reported a revenue of $17US.1 billion ($1US=RM3.29) for the 12 months ended July 4, 2008.