Computer Sciences Corp. (CSC) Tops Q1 EPS by 9c; Guides In-Line

Computer Sciences Corp. (NYSE: CSC) reported Q1 EPS of $1.03, $0.09 better than the analyst estimate of $0.94. Revenue for the quarter came in at $3.24 billion versus the consensus estimate of $3.19 billion.

Computer Sciences Corp. sees FY2014 EPS of $4.35-$4.55, versus the consensus of $4.49.

“First quarter results were consistent with our expectations for the start to fiscal 2015,” said Mike Lawrie, president and CEO. “Our North American Public Sector (NPS) business performed well with sequential revenue improvement and a higher operating margin as we continue to position that business for the uncertain federal spending environment. In our commercial business, we continue to make investments in next generation offerings, strategic partnerships, and sales capacity as we focus on returning that business to growth. We are particularly pleased with the growth we are seeing in our cloud, cyber, and big data businesses.”

For earnings history and earnings-related data on Computer Sciences Corp. (CSC) click here.

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