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    Computer Sciences Corp. (CSC)

    Price:

    10.04 USD

    ( - 0 USD)

    Your position:

    0 USD

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    Symbol
    CSC
    Name
    Computer Sciences Corp.
    Industry
    Sector
    Price
    10.040
    Market Cap
    0
    Enterprise value
    11.388B
    Currency
    USD
    Ceo
    Full Time Employees
    Website
    Ipo Date
    2008-03-07
    City
    Address

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    Turkcell Iletisim Hizmetleri A.S.

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    Symbol
    TKC
    Market Cap
    215.872B
    Industry
    Telecommunications Services
    Sector
    Communication Services
    FUNDAMENTALS
    P/E
    -14.095
    P/S
    0
    P/B
    0.747
    Debt/Equity
    1.569
    EV/FCF
    2.322
    Price to operating cash flow
    -1.000
    Price to free cash flow
    -1.000
    EV/sales
    0.223
    Earnings yield
    -0.071
    Debt/assets
    0.342
    FUNDAMENTALS
    Net debt/ebidta
    2.857
    Interest coverage
    -0.684
    Research And Developement To Revenue
    0
    Intangile to total assets
    0.421
    Capex to operating cash flow
    0.252
    Capex to revenue
    0.032
    Capex to depreciation
    0.364
    Return on tangible assets
    -0.020
    Debt to market cap
    Piotroski Score
    FUNDAMENTALS
    PEG
    -0.141
    P/CF
    1.441
    P/FCF
    0
    RoA %
    -1.154
    RoIC %
    -0.713
    Gross Profit Margin %
    27.107
    Quick Ratio
    1.101
    Current Ratio
    1.101
    Net Profit Margin %
    -1.315
    Net-Net
    -30.485
    FUNDAMENTALS PER SHARE
    FCF per share
    5.214
    Revenue per share
    54.185
    Net income per share
    -0.712
    Operating cash flow per share
    6.966
    Free cash flow per share
    5.214
    Cash per share
    8.996
    Book value per share
    13.448
    Tangible book value per share
    -12.544
    Shareholders equity per share
    13.448
    Interest debt per share
    21.939
    TECHNICAL
    52 weeks high
    10.040
    52 weeks low
    10.040
    Current trading session High
    10.040
    Current trading session Low
    10.040
    DIVIDEND
    Dividend yield
    0.00%
    Payout ratio
    0.00%
    Years of div. Increase
    0
    Years of div.
    0
    Q-shift
    Dividend per share
    0
    SIMILAR COMPANIES
    DESCRIPTION
    NEWS
    https://images.financialmodelingprep.com/news/csc-surf-and-nokia-achieve-12-tbits-data-transfer-20250604.jpg
    CSC, SURF and Nokia Achieve 1.2 Tbit/s Data Transfer to prepare long haul network for new LUMI-AI supercomputer and AI Factories

    globenewswire.com

    2025-06-04 02:00:00

    Press ReleaseCSC, SURF and Nokia Achieve 1.2 Tbit/s Data Transfer to prepare long haul network for new LUMI-AI supercomputer and AI Factories

    https://images.financialmodelingprep.com/news/nokia-foundation-awards-csc-managing-director-dr-kimmo-koski-20241127.jpg
    Nokia Foundation awards CSC Managing Director Dr. Kimmo Koski for his significant role in enabling the European LUMI supercomputer ecosystem

    globenewswire.com

    2024-11-27 13:15:00

    Press Release         27 November 2024, 20:15 EET Nokia Foundation awards CSC Managing Director Dr. Kimmo Koski for his significant role in enabling the European LUMI supercomputer ecosystem The awardee, Dr. Kimmo Koski, Managing Director of CSC – IT Center for Science played a key personal role to pursue the LUMI supercomputer and building a European consortium of 11 countries behind, securing national funding, and obtaining European Commission funding through EuroHPC for this groundbreaking computing project. Hosted at CSC´s data center in Finland, LUMI is currently among the most powerful supercomputers globally and serves as a significant infrastructure for European scientific research, development, and innovation.

    https://images.financialmodelingprep.com/news/fendxs-nanotechnology-to-be-presented-at-the-canadian-chemistry-20240530.jpg
    FendX's Nanotechnology to Be Presented at the Canadian Chemistry Conference and Exhibition, CSC 2024

    newsfilecorp.com

    2024-05-30 06:00:00

    Oakville, Ontario--(Newsfile Corp. - May 30, 2024) - FendX Technologies Inc. (CSE: FNDX) (OTCQB: FDXTF) (FSE: E8D) (the "Company" or "FendX"), a nanotechnology company developing surface protection coatings, is pleased to announce that development advances associated with its nanotechnology will be presented at the 107th Canadian Chemistry Conference and Exhibition, CSC 2024, being held in Winnipeg, Manitoba. On June 6, 2024, Professor Tohid Didar, one of the lead researchers of FendX's nanotechnology development projects at McMaster University, will give an invited talk entitled "Nano-engineered interfaces for diagnostics, therapeutics and infection control" where FendX's REPELWRAP™ film and spray nanotechnology will be presented.

    https://images.financialmodelingprep.com/news/orion-undertakes-a593-million-sale-of-capstone-cdis-on-20240405.jpg
    Orion Undertakes A$593 Million Sale of Capstone CDIs on the ASX

    headlinesoftoday.com

    2024-04-05 07:23:01

    NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES VANCOUVER, British Columbia–(BUSINESS WIRE)–Capstone Copper Corp. (“Capstone” or the “Company”) (TSX: CS) (ASX: CSC) and Orion Fund JV Limited, Orion Mine Finance Fund II LP and Orion Mine Finance (Master) Fund I-A LP (collectively “Orion” or the “Selling Shareholders”) jointly announce that … The post Orion Undertakes A$593 Million Sale of Capstone CDIs on the ASX appeared first on Headlines of Today...

    https://images.financialmodelingprep.com/news/csc-to-report-third-quarter-2017-results-on-thursday-february-20170120.jpg
    CSC to Report Third Quarter 2017 Results on Thursday, February 2, 2017

    businesswire.com

    2017-01-20 16:15:00

    TYSONS, Va.--(BUSINESS WIRE)--CSC (NYSE: CSC) today announced that it will release financial results for the third quarter of fiscal year 2017 on Thursday, February 2, 2017 at approximately 4:15 p.m. Eastern Standard Time (EST). CSC senior management will host a conference call and webcast on the same day at 5 p.m. EST. The dial-in number for domestic callers is 877-852-6583. Callers who reside outside of the United States or Canada should dial +1-719-325-4771. The passcode for all participants is 6790196. The webcast audio and any presentation slides will be available on CSC’s Investor Relations website. A replay of the conference call will be available from approximately two hours after the conclusion of the call until February 9, 2017. The replay dial-in number is 888-203-1112 for domestic callers and +1-719-457-0820 for callers who reside outside of the United States and Canada. The replay passcode is also 6790196. A replay of this webcast will also be available on CSC’s website. About CSC CSC (NYSE: CSC) leads clients on their digital transformation journeys. The company provides innovative next-generation technology services and solutions that leverage deep industry expertise, global scale, technology independence and an extensive partner community. CSC serves leading commercial and international public sector organizations throughout the world. CSC is a Fortune 500 company and ranked among the best corporate citizens. For more information, visit the company's website at www.csc.com.

    https://images.financialmodelingprep.com/news/csc-to-report-second-quarter-2017-results-on-thursday-november-20161020.jpg
    CSC to Report Second Quarter 2017 Results on Thursday, November 3, 2016

    businesswire.com

    2016-10-20 16:30:00

    TYSONS, Va.--(BUSINESS WIRE)--CSC (NYSE: CSC) today announced that it will release financial results for the second quarter of fiscal year 2017 on Thursday, November 3, 2016 at approximately 4:15 p.m. Eastern Daylight Time (EDT). CSC senior management will host a conference call and webcast on the same day at 5 p.m. EDT. The dial-in number for domestic callers is 800-218-2154. Callers who reside outside of the United States or Canada should dial 913-981-5550. The passcode for all participants is 7167172. The webcast audio and any presentation slides will be available on CSC’s Investor Relations website. A replay of the conference call will be available from approximately two hours after the conclusion of the call until November 10, 2016. The replay dial-in number is 888-203-1112 for domestic callers and 719-457-0820 for callers who reside outside of the United States and Canada. The replay passcode is also 7167172. A replay of this webcast will also be available on CSC’s website. About CSC CSC (NYSE: CSC) leads clients on their digital transformation journeys. The company provides innovative next-generation technology services and solutions that leverage deep industry expertise, global scale, technology independence and an extensive partner community. CSC serves leading commercial and international public sector organizations throughout the world. CSC is a Fortune 500 company and ranked among the best corporate citizens. For more information, visit the company's website at www.csc.com.

    https://images.financialmodelingprep.com/news/csc-to-report-first-quarter-2017-results-on-monday-20160719.jpg
    CSC to Report First Quarter 2017 Results on Monday, August 8, 2016

    businesswire.com

    2016-07-19 16:30:00

    TYSONS, Va.--(BUSINESS WIRE)--CSC (NYSE: CSC) today announced that it will release financial results for the first quarter of fiscal year 2017 on Monday, August 8, 2016 at approximately 4:15 p.m. Eastern Daylight Time (EDT). CSC senior management will host a conference call and webcast on the same day at 5 p.m. EDT. The dial-in number for domestic callers is 888-631-5930. Callers who reside outside of the United States or Canada should dial 913-312-0831. The passcode for all participants is 5423942. The webcast audio and any presentation slides will be available on CSC’s Investor Relations website. A replay of the conference call will be available from approximately two hours after the conclusion of the call until August 15, 2016. The replay dial-in number is 888-203-1112 for domestic callers and 719-457-0820 for callers who reside outside of the United States and Canada. The replay passcode is also 5423942. A replay of this webcast will also be available on CSC’s website. About CSC CSC (NYSE: CSC) leads clients on their digital transformation journeys. The company provides innovative next-generation technology services and solutions that leverage deep industry expertise, global scale, technology independence and an extensive partner community. CSC serves leading commercial and international public sector organizations throughout the world. CSC is a Fortune 500 company and ranked among the best corporate citizens. For more information, visit the company's website at www.csc.com.

    https://images.financialmodelingprep.com/news/csc-announces-merger-with-enterprise-services-segment-of-hewlett-packard-20160524.jpg
    CSC Announces Merger with Enterprise Services Segment of Hewlett Packard Enterprise to Create Global IT Services Leader

    businesswire.com

    2016-05-24 16:05:00

    TYSONS, Va.--(BUSINESS WIRE)--CSC (NYSE: CSC) today announced that its Board of Directors has unanimously approved a plan to merge the company with the Enterprise Services segment of Hewlett Packard Enterprise (HPE). The strategic combination of the two complementary businesses will create one of the world’s largest pure-play IT services companies, uniquely positioned to lead clients on their digital transformations. The new company is expected to have annual revenues of $26 billion and more than 5,000 clients in 70 countries. The merger is expected to be completed by the end of March 2017, subject to shareholder and regulatory reviews and approvals. Following the transaction, CSC and HPE shareholders each will own approximately 50 percent of the new company’s shares. The transaction is intended to be tax-free to CSC and HPE and their respective shareholders for federal income tax purposes. Today’s announcement comes six months after CSC separated into two publicly traded companies: CSC, to serve commercial and government clients globally, and CSRA, which serves public sector clients in the United States. Both CSC and HPE’s Enterprise Services segments have been on upward trajectories, showing significant improvements in financial performance and client satisfaction scores. Following completion of the transaction, Mike Lawrie, who currently serves as chairman, president and CEO of CSC, will become chairman, president and CEO of the new company. Meg Whitman, HPE’s president and CEO, will join the new company’s Board of Directors, which will be split equally between nominees of CSC and HPE. CSC’s current CFO, Paul Saleh, will continue in that role after the transaction closes. Mike Nefkens, the current EVP and GM of HPE Enterprise Services, will report to Lawrie and will become a key part of the new company’s executive team. Other executives and directors, as well as the name of the company, will be announced at a later date. “Our proposed merger with HPE Enterprise Services is a logical next step in CSC’s transformation,” Lawrie said. “As a more powerful and versatile global technology services business, the new company will be well positioned to innovate, compete and serve clients in a rapidly changing marketplace. We are excited by the great potential this merger brings to our people, clients, partners and investors, and by the opportunity to strengthen our relationship and collaboration with HPE.” “The ‘spin-merger’ of HPE Enterprise Services with CSC is the right next step for HPE and our customers,” said Whitman. “Enterprise Services’ customers will benefit from a stronger, more versatile services business, better able to innovate and adapt to an ever-changing technology landscape. As two companies with global scale, strong balance sheets and a focus on innovation, both HPE and the new company will be well positioned as leaders in their respective markets.” Creating a Global IT Services Leader The combination of CSC and HPE’s Enterprise Services segment will create a new company with substantial scale to serve clients more efficiently and effectively worldwide. By combining, both companies can more rapidly accelerate their already-improved financial and operational performance. For clients, the new company will offer enhanced global access to world-class, next-generation offerings – combined with deep industry experience in key industry sectors. The merging of these businesses will offer: World-class strength in customer service and IT operations – among the safest pair of hands in the industry, deploying a broader set of resources and expertise to benefit clients; Market-leading industry and technology expertise – industry leading experience and IP in areas such as financial services, healthcare and life sciences, transportation, consumer products, and insurance, helping customers transform faster; Global scale – operating 85 delivery centers and 95 data centers across 70 countries, providing access to the most efficient IT services in the world; Technology independence and best-in-class capabilities in next-generation cloud, security, application development and modernization, big data and analytics, mobility, workplace, and sophisticated business process and IT services; Combined leadership bringing deep turnaround experience and transformation capabilities, customer relationships, sales/GTM, industry and functional expertise; Expanded best-of-breed technology partnerships that provide greater choice of solutions; and Enhanced innovation, R&D, and investment opportunities for new services and solutions. CSC’s Go-Forward Strategy Post-Separation Today’s announcement represents a major step in the post-separation strategy outlined by CSC’s leadership last fall. At that time, the company positioned itself as a next-generation IT services company built specifically to respond to a changing market – one that is driving clients to move rapidly toward digital transformation. In just the six months since separation, CSC has taken decisive steps to equip the company to take clients on this digital journey, positioning itself as a true next-generation leader in the markets, industries and practice areas it serves. CSC has: Stood up vertically integrated businesses in healthcare and insurance to take full advantage of its IP and existing market leadership; Created CeleritiFinTech, a joint venture with HCL, to do the same in banking; Acquired UXC, making CSC one of the largest IT services companies in the Australia-New Zealand region; Acquired Xchanging Plc, a UK-based provider of insurance software and business process services, creating the number one provider of core insurance solutions globally; and Acquired Fixnetix and Fruition Partners to bolster its leadership in banking and capital markets and service management, respectively. Together, Fruition and UXC make CSC the world leader in service management solutions. Yesterday, the company also announced its acquisition of Aspediens, Europe’s leading provider of technology-enabled solutions for the service-management sector. “Clients are feeling the pressure to digitally transform their enterprises to meet new business demands and customer expectations,” Lawrie noted. “They need a partner with the innovation, scale, leadership and dependability to answer the challenge. “As a pure play, the combined company will be built to lead digital transformations using next-generation technology solutions from both companies,” Lawrie continued. “It will be able to operate independent of any single hardware provider, while partnering with the world’s leading technology providers, including HPE.” About the Transaction The transaction between CSC and HPE is expected to deliver approximately $8.5 billion to HPE’s shareholders on an after-tax basis. This includes an equity stake in the newly combined company valued at more than $4.5 billion, a cash dividend of $1.5 billion, and the assumption of $2.5 billion of debt and other liabilities related to the HPE Enterprise Services segment. The merger of the two businesses is expected to produce first-year synergies of approximately $1 billion post-close, with a run rate of $1.5 billion by the end of year one. There is an opportunity for additional synergies in subsequent years. As owners of approximately 50 percent of the merged company, HPE shareholders will share in the value of the synergies, as well as future growth in earnings. RBC Capital Markets is serving as financial advisor to CSC, and Allen & Overy LLP is serving as legal advisor. For More Information For more insights into today’s announcement, watch this video message from Mike Lawrie and Meg Whitman. Download the infographic for additional information. HPE Investment Community Conference Call HPE will extend its conference call to discuss its fiscal second quarter financial results today and to elaborate on the transaction; the call will start at 4:30 p.m. Eastern Daylight Time (EDT). Mike Lawrie, CSC chairman, president and CEO, will participate in the call to discuss this transaction along with HPE management. For webcast details, go to www.investors.hpe.com. CSC Fourth Quarter 2016 Results Analyst Call Rescheduled for 5:30 p.m. EDT Today The CSC senior management conference call and webcast, originally scheduled for 5 p.m. EDT today, will now begin at 5:30 p.m. EDT. The dial-in number for domestic callers is 888-244-2416. Callers who reside outside of the United States or Canada should dial 913-312-1384. The passcode for all participants is 3124172. The webcast audio and any presentation slides will be available on CSC’s Investor Relations website. A replay of the conference call will be available from approximately two hours after the conclusion of the call until May 31, 2016. The replay dial-in number is 888-203-1112 for domestic callers and 719-457-0820 for callers who reside outside of the United States and Canada. The replay passcode is also 3124172. A replay of this webcast will also be available on CSC’s website. CSC will release financial results for the fourth quarter and fiscal year 2016 today at approximately 4:30 p.m. EDT. About CSC CSC (NYSE: CSC) leads clients on their digital transformation journeys. The company provides innovative next-generation technology services and solutions that leverage deep industry expertise, global scale, technology independence and an extensive partner community. CSC serves leading commercial and international public sector organizations throughout the world. CSC is a Fortune 500 company and ranked among the best corporate citizens. For more information, visit the company's website at www.csc.com. About HPE HPE is an industry-leading technology company that enables customers to go further, faster. With the industry’s most comprehensive portfolio, spanning the cloud to the data center to workplace applications, our technology and services help customers around the world make IT more efficient, more productive and more secure. Additional Information and Where to Find It In connection with the proposed transaction, Everett SpinCo, Inc., a wholly-owned subsidiary of Hewlett Packard Enterprise created for the transaction (“Spinco”), will file with the SEC a registration statement on Form S-4/S-1 containing a prospectus and CSC will file with the SEC a proxy statement on Schedule 14A and a registration statement on Form S-4 containing a prospectus. INVESTORS AND SECURITY HOLDERS ARE ADVISED TO READ THE REGISTRATION STATEMENTS/PROSPECTUSES AND PROXY STATEMENT WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PARTIES AND THE PROPOSED TRANSACTION. Investors and security holders may obtain a free copy of the prospectuses and proxy statement (when available) and other documents filed with the SEC by CSC, Hewlett Packard Enterprise and Spinco at the SEC’s web site at http://www.sec.gov. Free copies of these documents, once available, and each of the companies’ other filings with the SEC, may also be obtained from CSC’s web site at www.csc.com. This communication is not a solicitation of a proxy from any investor or security holder. However, CSC, Hewlett Packard Enterprise, and certain of their respective directors, executive officers and other members of management and employees, may be deemed to be participants in the solicitation of proxies from stockholders of CSC in respect of the proposed transaction under the rules of the SEC. Information regarding CSC’s directors and executive officers is available in CSCs 2015 Annual Report on Form 10-K filed with the SEC on June 8, 2015, and in its definitive proxy statement for its annual meeting of stockholders filed on June 26, 2015. Information regarding Hewlett Packard Enterprise’s directors and executive officers is available in Hewlett Packard Enterprise’s 2015 Annual Report on Form 10-K filed with the SEC on December 17, 2015, and in its definitive proxy statement for its annual meeting of stockholders filed on February 12, 2016. These documents as well as other documents filed by CSC, Hewlett Packard Enterprise or Spinco with the SEC can be obtained free of charge from the sources indicated above. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the registration statements, prospectuses and proxy statement and other relevant materials to be filed with the SEC when they become available. This communication shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. All statements in this press release and in all future press releases that do not directly and exclusively relate to historical facts constitute “forward-looking statements.” These statements represent the Company’s intentions, plans, expectations and beliefs, and are subject to risks, uncertainties and other factors, many of which are outside the Company’s control. Many factors could cause actual results to differ materially from such forward-looking statements with respect to the transaction announced above including risks relating to the completion of the transaction on anticipated timing, including obtaining shareholder and regulatory approvals, anticipated tax treatment, unforeseen liabilities, future capital expenditures, inability to achieve expected synergies, loss of revenues, delay or business disruption caused by difficulties in integrating the businesses of CSC and Enterprise Services . For a written description of risk factors that could cause actual result in CSC’s business to differ materially from forward looking statements regarding those matters, see the section titled “Risk Factors” in CSC’s Form 10-K for the fiscal year ended April 3, 2015 and any updating information in subsequent SEC filings. The Company disclaims any intention or obligation to update these forward-looking statements whether as a result of subsequent event or otherwise, except as required by law.

    https://images.financialmodelingprep.com/news/csc-to-report-third-quarter-2016-results-on-tuesday-20160202.jpg
    CSC to Report Third Quarter 2016 Results on Tuesday, February 9, 2016

    businesswire.com

    2016-02-02 08:30:00

    FALLS CHURCH, Va.--(BUSINESS WIRE)--CSC (NYSE: CSC) today announced that it will release financial results for the third quarter of fiscal year 2016 on Tuesday, February 9, 2016 at approximately 4:15 p.m. Eastern Standard Time (EST). CSC senior management will host a conference call and webcast on the same day at 5 p.m. EST. The dial-in number for domestic callers is 866-290-0920. Callers who reside outside of the United States or Canada should dial 913-312-0635. The passcode for all participants is 7639844. The webcast audio and any presentation slides will be available on CSC’s Investor Relations website. A replay of the conference call will be available from approximately two hours after the conclusion of the call until February 16, 2016. The replay dial-in number is 888-203-1112 for domestic callers and 719-457-0820 for callers who reside outside of the United States and Canada. The replay passcode is also 7639844. A replay of this webcast will also be available on CSC’s website. Click here to subscribe to Mobile Alerts for CSC.

    https://images.financialmodelingprep.com/news/csc-sets-dates-for-second-quarter-2016-earnings-report-and-20151009.jpg
    CSC Sets Dates for Second Quarter 2016 Earnings Report and Investor Day

    businesswire.com

    2015-10-09 14:00:00

    FALLS CHURCH, Va.--(BUSINESS WIRE)--CSC (NYSE: CSC) today announced that it will release financial results for the second quarter of fiscal year 2016 on Wednesday, November 4, 2015 at approximately 4:15 p.m. Eastern Standard Time (EST). CSC senior management will host a conference call and webcast on the same day at 5 p.m. EST. CSC also announced that it will hold an Investor Day meeting in New York City on Thursday, November 5, 2015. The meeting will cover CSC’s commercial business and then its public sector business in two distinct sessions. Additional details of CSC’s Investor Day will be forthcoming. About CSC Computer Sciences Corporation (CSC) is a global leader of next generation information technology (IT) services and solutions. The Company's mission is to enable superior returns on our clients’ technology investments through best-in-class industry solutions, domain expertise and global scale. CSC has approximately 70,000 employees and reported revenue of $11.7 billion for the 12 months ended July 3, 2015. For more information, visit the company's website at www.csc.com. Forward-looking Statements All statements in this press release and in all future press releases that do not directly and exclusively relate to historical facts constitute “forward-looking statements.” These statements represent the Company’s intentions, plans, expectations and beliefs, and are subject to risks, uncertainties and other factors, many of which are outside the Company’s control. These factors could cause actual results to differ materially from such forward-looking statements. For a written description of these factors, see the section titled “Risk Factors” in CSC’s Form 10-K for the fiscal year ended April 3, 2015 and any updating information in subsequent SEC filings. The Company disclaims any intention or obligation to update these forward-looking statements whether as a result of subsequent event or otherwise, except as required by law. Click here to subscribe to Mobile Alerts for CSC.

    https://images.financialmodelingprep.com/news/csc-to-combine-government-services-unit-with-sra-upon-20150831.jpg
    CSC to Combine Government Services Unit with SRA upon Separation from CSC

    businesswire.com

    2015-08-31 16:51:00

    FALLS CHURCH, Va.--(BUSINESS WIRE)--CSC (NYSE: CSC) today announced that it has entered into a definitive agreement to combine its government services unit, Computer Sciences Government Services (CSGov), with SRA upon the spin-off of that unit, plans for which were announced in May. SRA is owned by a shareholder group led by Providence Equity Partners and SRA’s founder, Dr. Ernst Volgenau, as well as members of its management team. The transaction with SRA is targeted to close before the end of November 2015, upon the separation of CSC’s government services unit. That separation is intended to qualify as a tax-free transaction to CSC shareholders. The combined company, to be named prior to closing, will become the largest pure-play IT services provider serving the U.S. government sector, with combined FY15 revenues of approximately $5.5 billion, nearly 19,000 employees and among the industry’s leading profit margins. “The combination of CSGov and SRA is an important strategic move to best position the combined company as the government IT services industry consolidates,” said Mike Lawrie, CSC’s president and CEO. “We believe CSGov’s next-gen software platforms and solutions – together with SRA’s go-to-market capabilities and customer intimacy – will deliver significant benefits to U.S. government clients, open new opportunities for employees of both firms and create substantial value for shareholders.” The combination of CSGov and SRA will bring together highly complementary IT capabilities, with approximately three-quarters of revenues generated from cybersecurity, software development, cloud and IT infrastructure. Additional revenues will be derived from domain-specific professional services, including intelligence analysis, bioinformatics and health sciences, energy and environmental consulting, and enterprise planning and resource management. “We are delighted to enter into a business combination that is strategically compelling, and one that strengthens the next generation IT capabilities the combined organization can offer to its customers,” said Chris Ragona, managing director of Providence Equity Partners, SRA’s controlling shareholder. “The two businesses are a natural fit and we are excited by the value creation opportunities that can be realized through this combination.” Summary of Strategic Benefits The combination of CSGov and SRA is expected to provide clients, investors and employees of both companies with significant benefits. Vastly expanded portfolio of expertise: Complementary capabilities in cloud computing, cyber security, IT infrastructure, mobility, data analytics, and software and systems engineering. Strong relationships within the Department of Defense (DoD), homeland security, intelligence and health IT market segments with access to 150 contract vehicles, 1,500 active projects, and a combined 90-plus years of experience in the government services sector. Cost competitiveness: Running parallel business transformations over the past three years, CSC and SRA each have become highly tuned and cost-competitive, with a clear focus on next generation IT services and solutions. This transaction is expected to generate additional cost synergies. Strong financials: Among the leading profit margins in the industry, along with strong cash flow generation to support planned dividends as well as rapid deleveraging. The transaction will preserve the tax-free nature of the previously announced CSGov spin-off. Positive company cultures: The two companies share common values, including a relentless focus on the mission and needs of their U.S. government clients. Positioning for future growth opportunities: Given its scope, scale and financials, the combined company will be well positioned to capitalize on future growth opportunities. Industry-leading talent: Skilled staff of 18,600 employees, with strong leadership and deep technical expertise in areas of growing demand. Transaction Details The combination will be structured to preserve the tax-free nature of CSC’s previously announced spin-off of CSGov. The key details regarding the transaction are as follows: CSGov’s shareholders will own 84.68 percent of the combined company. SRA’s shareholders will own 15.32 percent of the combined company and will receive $390 million of cash as part of the transaction. CSGov’s pro forma net debt upon consummation of the spin-off and completion of the combination with SRA is expected to be approximately $2.7 billion, including debt incurred to fund CSC’s $10.50 per share special cash dividend to CSC’s shareholders at the separation, the $390 million of cash to be paid to SRA’s shareholders and the refinancing of SRA’s existing net debt of $1.0 billion. MUFG, through The Bank of Tokyo-Mitsubishi UFJ, Ltd., and RBC Capital Markets provided an underwritten financing commitment in the amount of $3.5 billion (inclusive of $500 million in undrawn revolving credit facilities) to CSGov in order to effect the spin-off from CSC, as well as to fund the transaction with SRA and refinance SRA’s existing indebtedness. No shareholder vote of CSC is required, and SRA has received the necessary shareholder approvals to complete the transaction. CSGov’s combination with SRA is subject to customary regulatory approvals. CSGov will amend its filings with the U.S. Securities and Exchange Commission to reflect the contemplated transaction with SRA. Governance and Management Mike Lawrie will serve as Chairman of the Board of the combined company. Lawrence Prior, executive vice president and general manager of CSC’s North American Public Sector unit, will be chief executive officer of the company upon completion of the spin-off and transaction with SRA. Additional members of the new company’s management team drawn from both companies will be named at later dates as the integration planning progresses. The headquarters of the combined company is expected to remain in Northern Virginia. Advisors Guggenheim Securities is serving as financial advisor to CSC and CSGov. Other financial advisory services have been provided to CSC by RBC Capital Markets. Allen & Overy is serving as legal advisor. Stone Key Partners and Citigroup Global Markets are serving as financial advisors to SRA and Providence Equity. Debevoise & Plimpton is serving as legal advisor to SRA and Providence Equity. Joint Conference Call and Webcast Senior management from CSC and SRA will host a conference call and webcast at 5:15 p.m. ET today to discuss this announcement. The dial-in number for domestic callers is 877-604-9673. Callers who reside outside of the United States or Canada should dial 719-325-4818. The passcode for all participants is 5818572. The webcast audio and any presentation slides will be available on the investor relations website of CSC and SRA. A replay of the conference call will be available from approximately two hours after the conclusion of the call until September 7, 2015. The replay dial-in number is 888-203-1112 for domestic callers and 719-457-0820 for callers who reside outside of the United States and Canada. The replay passcode is 5818572. A replay of this webcast will also be available on the investor relations website of CSC and SRA. About SRA SRA is a leading provider of sophisticated information technology and professional services to the U.S. federal government. Our services help our government customers address complex IT needs in order to achieve their missions. We are inspired by our customers’ missions and strive to provide the best people, working together to generate the best ideas, to deliver the best possible performance - all driven by our enduring values of Honesty and Service®. SRA was founded in 1978. We are headquartered in Fairfax, VA and employ approximately 5,600 professionals. Go to: www.sra.com. About CSC CSC is a global leader of next generation information technology (IT) services and solutions. The Company's mission is to enable superior returns on our clients’ technology investments through best-in-class industry solutions, domain expertise and global scale. CSC has approximately 70,000 employees and reported revenue of $11.7 billion for the 12 months ended July 3, 2015. For more information, visit the company's website at www.csc.com. Forward-looking Statements All statements in this press release and in all future press releases that do not directly and exclusively relate to historical facts constitute “forward-looking statements.” These statements represent the Company’s intentions, plans, expectations and beliefs, and are subject to risks, uncertainties and other factors, many of which are outside the Company’s control. These factors could cause actual results to differ materially from such forward-looking statements. For a written description of these factors, see the section titled “Risk Factors” in CSC’s Form 10-K for the fiscal year ended April 3, 2015 and any updating information in subsequent SEC filings. The Company disclaims any intention or obligation to update these forward-looking statements whether as a result of subsequent event or otherwise, except as required by law. Click here to subscribe to Mobile Alerts for CSC.

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    CSC to Report First Quarter 2016 Results on Tuesday, August 11, 2015

    businesswire.com

    2015-07-27 16:15:00

    FALLS CHURCH, Va.--(BUSINESS WIRE)--CSC (NYSE: CSC) today announced that it will release financial results for the first quarter of fiscal year 2016 on Tuesday, August 11, 2015 at approximately 4:15 p.m. Eastern Time (ET). CSC senior management will host a conference call and webcast on the same day at 5 p.m. ET. The dial-in number for domestic callers is 888-554-1431. Callers who reside outside of the United States or Canada should dial 719-325-2280. The passcode for all participants is 9716903. The webcast audio and any presentation slides will be available on CSC’s Investor Relations website. A replay of the conference call will be available from approximately two hours after the conclusion of the call until August 18, 2015. The replay dial-in number is 888-203-1112 for domestic callers and 719-457-0820 for callers who reside outside of the United States and Canada. The replay passcode is also 9716903. A replay of this webcast will also be available on CSC’s website. About CSC Computer Sciences Corporation (CSC) is a global leader of next-generation information technology (IT) services and solutions. The Company's mission is to enable superior returns on our client's technology investments through best-in-class industry solutions, domain expertise and global scale. CSC has approximately 70,000 employees and reported revenue of $12.2 billion for the 12 months ended April 3, 2015. For more information, visit the company's website at www.csc.com. Click here to subscribe to Mobile Alerts for CSC.

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    CSC to Report Fourth Quarter and Fiscal Year 2015 Results on Tuesday, May 19, 2015

    businesswire.com

    2015-05-11 16:30:00

    FALLS CHURCH, Va.--(BUSINESS WIRE)--CSC (NYSE: CSC) today announced that it plans to release financial results for the fourth quarter and fiscal year 2015 on Tuesday, May 19, 2015 at approximately 4:15 p.m. Eastern Daylight Time (EDT). CSC senior management plans to host a conference call and webcast on the same day at 5 p.m. EDT. The dial-in number for domestic callers is 888-542-1101. Callers who reside outside of the United States or Canada should dial 719-325-2482. The passcode for all participants is 9825381. The webcast audio and any presentation slides will be available on CSC’s Investor Relations website. A replay of the conference call will be available from approximately two hours after the conclusion of the call until May 26, 2015. The replay dial-in number is 888-203-1112 for domestic callers and 719-457-0820 for callers who reside outside of the United States and Canada. The replay passcode is also 9825381. A replay of this webcast will also be available on CSC’s website. About CSC Computer Sciences Corporation (CSC) is a global leader of next-generation information technology (IT) services and solutions. The Company's mission is to enable superior returns on our client's technology investments through best-in-class industry solutions, domain expertise and global scale. CSC has approximately 72,000 employees and reported revenue of $12.6 billion for the 12 months ended January 2, 2015. For more information, visit the company's website at www.csc.com. Click here to subscribe to Mobile Alerts for CSC.

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    CSC to Report Third Quarter 2015 Results on Monday, February 9, 2015

    businesswire.com

    2015-02-02 08:30:00

    FALLS CHURCH, Va.--(BUSINESS WIRE)--CSC (NYSE:CSC) today announced that it will release financial results for the third quarter of fiscal year 2015 on Monday, February 9, 2015 at approximately 4:15 p.m. Eastern Standard Time (EST). CSC senior management will host a conference call and webcast on the same day at 5 p.m. EST. The dial-in number for domestic callers is 877-548-7914. Callers who reside outside of the United States or Canada should dial 719-325-4824. The passcode for all participants is 5099320. The webcast audio and any presentation slides will be available on CSC’s Investor Relations website. A replay of the conference call will be available from approximately two hours after the conclusion of the call until February 16, 2015. The replay dial-in number is 888-203-1112 for domestic callers and 719-457-0820 for callers who reside outside of the United States and Canada. The replay passcode is also 5099320. A replay of this webcast will also be available on CSC’s website. About CSC Computer Sciences Corporation (CSC) is a global leader of next-generation information technology (IT) services and solutions. The Company's mission is to enable superior returns on our clients’ technology investments through best-in-class industry solutions, domain expertise and global scale. CSC has approximately 74,000 employees and reported revenue of $12.9 billion for the 12 months ended October 3, 2014. For more information, visit the company's website at www.csc.com. Click here to subscribe to Mobile Alerts for CSC.

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    CSC to Report Second Quarter 2015 Results on Thursday, November 6, 2014

    businesswire.com

    2014-11-03 08:30:00

    FALLS CHURCH, Va.--(BUSINESS WIRE)--CSC (NYSE:CSC) today announced that it will release financial results for the second quarter of fiscal year 2015 on Thursday, November 6, 2014 at approximately 4:15 p.m. Eastern Standard Time (EST). CSC senior management will host a conference call and webcast on the same day at 5 p.m. EST. The dial-in number for domestic callers is 877-874-1588. Callers who reside outside of the United States or Canada should dial 719-325-4794. The passcode for all participants is 5068637. The webcast audio and any presentation slides will be available on CSC’s Investor Relations website. A replay of the conference call will be available from approximately two hours after the conclusion of the call until November 13, 2014. The replay dial-in number is 888-203-1112 for domestic callers and 719-457-0820 for callers who reside outside of the United States and Canada. The replay passcode is also 5068637. A replay of this webcast will also be available on CSC’s website. About CSC Computer Sciences Corporation (CSC) is a global leader of next generation information technology (IT) services and solutions. The Company's mission is to enable superior returns on our client's technology investments through best-in-class industry solutions, domain expertise and global scale. CSC has approximately 76,000 employees and reported revenue of $13.0 billion for the 12 months ended July 4, 2014.

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    CSC to Report First Quarter 2015 Results on Thursday, August 7, 2014

    businesswire.com

    2014-07-29 08:15:00

    FALLS CHURCH, Va.--(BUSINESS WIRE)--CSC (NYSE:CSC) today announced that it will release financial results for the first quarter of fiscal year 2015 on Thursday, August 7, 2014 at approximately 4:15 p.m. Eastern Daylight Time (EDT). CSC senior management will host a conference call and webcast on the same day at 5 p.m. EDT. The dial-in number for domestic callers is 888-510-1762. Callers who reside outside of the United States or Canada should dial 719-457-2603. The passcode for all participants is 9230506. The webcast audio and any presentation slides will be available on CSC’s Investor Relations website. A replay of the conference call will be available from approximately two hours after the conclusion of the call until August 14, 2014. The replay dial-in number is 888-203-1112 for domestic callers and 719-457-0820 for callers who reside outside of the United States and Canada. The replay passcode is also 9230506. A replay of this webcast will also be available on CSC’s website. About CSC CSC is a global leader in next-generation IT services and solutions. The company's mission is to enable superior returns on clients' technology investments through best-in-class industry solutions, domain expertise and global scale. CSC has approximately 79,000 employees and reported revenue of $13.0 billion for the 12 months ended March 28, 2014. Click here to subscribe to Mobile Alerts for CSC.