Computer Sciences (CSC) Tops Q4 EPS by 5c; Guides FY17 EPS
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CSC Delivers Solid Results in Fourth Quarter and Fiscal Year 2016
May 24, 2016 5:10 PM EDTQ4 Earnings per Share from Continuing Operations of $(0.73) Includes Cumulative Impact of Certain Items of $(1.48) per Share Q4 Non-GAAP Diluted Earnings per Share of $0.73, up 3% YoY FY16 Diluted Earnings per Share from Continuing Operations of $0.45 Includes Cumulative Impact of Certain Items of $(2.07) per Share FY16 Non-GAAP Diluted Earnings per Share of $2.52, up 13% YoY FY16 Net Cash Provided by Operating Activities of $802 million FY16 Free Cash Flow of $319 million... More
CSC Fourth Quarter 2016 Results Analyst Call Rescheduled for 5:30 p.m. EDT Today
May 24, 2016 4:28 PM EDTTYSONS, Va.--(BUSINESS WIRE)-- The CSC senior management fourth quarter and fiscal year 2016 financial results conference call and webcast originally scheduled for 5 p.m. Eastern Daylight Time (EDT) today, Tuesday, May 24, 2016 will now begin at 5:30 p.m. EDT today. 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... More
Hewlett Packard Enterprise Announces Plans for Tax-Free Spin-Off and Merger of Enterprise Services Business With CSC
May 24, 2016 4:05 PM EDTPALO ALTO, CA -- (Marketwired) -- 05/24/16 -- Hewlett Packard Enterprise (NYSE: HPE)
Transaction will deliver HPE shareholders approximately $8.5 billion in expected after-tax value in stock-for-stock exchange; Merger of two businesses expected to produce first-year cost synergies of approximately $1 billion post-close, with run rate of $1.5 billion by end of year one; HPE shareholders will own approximately 50 percent of new combined company; Agreements between HPE and the new company will maintain focus on serving current customers and growing new business opportunities over time; Mike Lawrie to... More