CSC Recognized as One of the World’s Most Admired IT Services Companies by FORTUNE Magazine for Second Consecutive Year
News Release -- March 22, 2011
FALLS CHURCH, Va., March 22 – CSC (NYSE: CSC) announced today that it has been recognized on FORTUNE magazine’s list of “World’s Most Admired Companies” in 2011 for the second consecutive year. The Falls Church, Va., company was ranked number four in the Information Technology Services category and as one of the most admired companies in Virginia. According to FORTUNE, this recognition is “the definitive report card on corporate reputation,” as decided by thousands of executives, directors, financial analysts and ratings companies on nine corporate attributes, from people management to financial soundness.
“CSC is honored to be recognized by FORTUNE for the second consecutive year as one of the ‘World’s Most Admired Companies’ in the IT industry,” said CSC Chairman, President and Chief Executive Officer Michael W. Laphen. “The strengths that CSC demonstrated in key attribute areas are significant to the way we do business — our ability to compete on a global scale, our social responsibility initiatives, the quality of our products and services, as well as the outstanding performance of our worldwide employees.”
FORTUNE’s study of “World’s Most Admired Companies” is conducted annually by The Hay Group, a global consulting firm. Approximately 1,400 companies are included in the initial research: the Fortune 1,000 (the 1,000 largest U.S. companies ranked by revenue), non-U.S. companies in Fortune's Global 500 database with revenue of $10 billion or more, and the top foreign companies operating in the U.S.
The Most Admired survey results are featured in the March 21 issue of FORTUNE, and are accessible online at http://money.cnn.com/magazines/fortune/mostadmired/2011/index.html.
CSC is a global leader in providing technology-enabled solutions and services through three primary lines of business. These include Business Solutions and Services, the Managed Services Sector and the North American Public Sector. CSC's advanced capabilities include system design and integration, information technology and business process outsourcing, applications software development, Web and application hosting, mission support and management consulting. The company has been recognized as a leader in the industry, including being named by FORTUNE Magazine as one of the World’s Most Admired Companies for Information Technology Services (2011). Headquartered in Falls Church, VA., CSC has approximately 93,000 employees and reported revenue of $16.2 billion for the 12 months ended December 31, 2010. For more information, visit the company’s website at www.csc.com.
About Hay Group
Hay Group is a global consulting firm that works with leaders to transform strategy into reality. We develop talent, organize people to be more effective, and motivate them to perform at their best. With 85 offices in 49 countries, we work with over 7,000 clients across the world. Our clients are from the private, public, and not-for-profit sectors, across every major industry and represent diverse business challenges. Our focus is on making change happen and helping people and organizations realize their potential.
About Hay Group Insight
For over 35 years Hay Group Insight – the survey research division of Hay Group – has partnered with the world’s largest and most complex organizations to create value through the strategic use of employee survey research. Our mission is to help senior leaders identify the barriers to individual and organizational effectiveness, and remove them to improve the performance of people, teams and entire organizations. By providing employee feedback and supporting strategy, our surveys help organizations achieve high levels of performance and lasting change.
FORTUNE magazine is a global leader in business journalism with a domestic circulation of over 850,000 and a global readership of nearly 5 million, which include major franchises such as the FORTUNE 500 and the FORTUNE 100 Best Companies to Work For. FORTUNE Live Media extends the brand's mission into live events, hosting a wide range of annual conferences, including FORTUNE’s Most Powerful Women and the FORTUNE Global Forum. FORTUNE publishes English-language editions in Europe and Asia, and local-language editions in China, Turkey, South Korea, Indonesia, India and Greece. CNNMoney.com, is the online home of FORTUNE.com, which draws 5.7 million readers a month.