CSC News

Shareholders in Misys and Temenos have been left unimpressed by the terms of a proposed $2bn merger between the two companies, which would create the world's largest provider of banking software.

Investment analysts at Barclays Capital upped their price target on shares of Computer Sciences from $26.00 to $28.00 in a note issued to investors on Friday.

Computer Sciences Corporation reported third quarter 2012 earnings per share of $1.35, way ahead of the Zacks Consensus Estimate of 57 cents.

Good day, everyone, and welcome to the CSC Fiscal Year 2012 Third Quarter Earnings Conference Call.

Ralph Lauren Corp : The company said, "Due to the stronger-than-expected third quarter performance, the Company now expects consolidated revenues for Fiscal 2012 to increase by approximately 20%, which compares to a prior expectation of high-teens-to-low 20% growth.

Computer Sciences Corporation : Reports Q3 revenue $3.76B, consensus $3.98B. Revenue was $3.76B net of a $204M reduction relating to the U.K. National Health Service contract; excluding the NHS reduction, revenue was $3.97B. EPS from continuing operations was and included two significant non-cash charges: a material impairment of the company's net ... (more)

Feb 08 - Substantially wider credit default swap spreads for Computer Sciences Corporation are indicating rising market concern over recent overseas and legal developments, according to Fitch Solutions in its latest earnings commentary.

Computer Sciences Corp., a technology contractor for governments and companies, rose the most in three decades after naming Mike Lawrie its next chief executive officer as it renegotiates a U.K. government agency contract.

CSC ended four months of speculation about the identity of its next CEO late Tuesday, announcing that Mike Lawrie, currently CEO of British IT service company Misys, will become CEO of CSC by the end of March.

The stock last traded at $31.27, up from its previous close of $26.48. Separately, analysts at Goldman Sachs reiterated a "sell" rating on shares of Computer Sciences in a research note to investors on Wednesday, January 11st.

FALLS CHURCH, Va. &#8212 Technology services provider Computer Sciences Corp. said Wednesday it swung to a $1.4 billion net loss in its fiscal third quarter as it recorded a $204 million charge for problems with its contract with Britain's National Health Service.

Revenue was $3.76 billion net of a $204 million reduction relating to the U.K. National Health Service contract.

Computer Sciences Corp. reported a $1.39 billion loss for its third fiscal quarter, with revenue down 5.8% year on year.

Falls Church-based CSC, which named a new CEO last night, reported a fiscal third-quarter net loss of $1.39 billion compared with $242 million profit in the previous year.

Calix, Inc. shares climbed 8.03 percent to $9.28 in aftermarket trading session.

Akamai Technologies, Inc.A will unveil its latest earnings on Wednesday, February 8, 2012.A The average estimate of analysts is for net income of 31 cents per share, a rise of 3.3% from the company's actual earnings for the same quarter a year ago.

A federal appeals court has affirmed the dismissal of a lawsuit by a former counselor who claimed her constitutional rights were violated when she was laid off after refusing to provide relationship counseling to a gay woman.

A new report from Computer Sciences Corp. examines the lessons learned from attesters during Stage 1 of the electronic health records meaningful use program, and looks at criteria changes that could be in Stage 2. The report includes a summary of Stage 1 criteria side-by-side with Stage 2 criteria proposed by the HIT Policy Committee, which advises ... (more)

CSC , a leading global IT services company, announced today that Mike Lawrie, 58, has been appointed president and chief executive officer, and will join the company no later than March 31, 2012.

According to Thomson Reuters, the firm has surpassed Wall Street's bottom-line estimates in three of the past four quarters.