Computer Sciences Corporation

Computer Sciences Corporation
Type Public
Traded as NYSECSC
S&P 500 Component
Industry IT services, IT consulting
Founded April 1959
Founder(s) Fletcher R. Jones
Bob Patrick
Headquarters Falls Church, Virginia,
United States
Area served Worldwide
Key people Michael W. Laphen, CEO[1]
Services IT, business consulting and outsourcing services
Revenue US$ 16.128 billion (2011)[2]
Operating income US$ 1.038 billion (2011)[2]
Net income US$ 834 million (2011)[2]
Total assets US$ 16.455 billion (2011)[2]
Total equity US$ 6.446 billion (2011)[2]
Employees 97,000 in 90 countries[3]
Subsidiaries CSC India, Computer Sciences Raytheon
Website www.csc.com

Computer Sciences Corporation (CSC) (NYSECSC) is an American information technology (IT) and business services company headquartered in Falls Church, Virginia, USA. CSC predominantly provides IT services in the following areas: systems integration and professional services; enterprise application development and management; application software for the financial services industry; business process outsourcing; managed hosting services; and application and IT infrastructure outsourcing. CSC's consulting and professional services include advising clients on the acquisition and utilization of IT and on business strategy, security, modeling, simulation, engineering, operations, change management and business process reengineering. CSC serves Fortune Global 1000 companies in fifteen industries and national and local governments. CSC employs about 93,000 people in 90 countries and ranks among the largest outsourcing companies in the world.[3]

On September 28, 2009, when Xerox acquired Affiliated Computer Services, Computer Sciences Corporation became the only remaining, independent major outsourcing vendor with headquarters and major operations in the US.[4]

Contents

History

CSC was founded in April 1959 by Roy Nutt, Fletcher Jones and Bob Patrick.[5] Their goal was to provide programming tools such as assemblers and compilers. Jones, who ran the business and its marketing, obtained a contract from Honeywell that made the business profitable and respected within the industry. Although its competitor Computer Usage Company had been founded earlier in 1955,[6] by 1963 CSC became the largest software company in the United States and took the business public with an IPO listed on the American Stock Exchange. By the end of 1968, CSC was listed on the New York Stock Exchange and had operations in Canada, India, the United Kingdom, Germany, Spain, Italy, Brazil, and the Netherlands.

Since its beginnings in 1959, company headquarters had been in California. On January 30, 2008 the company announced that it would move its corporate headquarters from El Segundo to Falls Church, Virginia.[7]

CSC has been a Fortune 500 Company since 1995 [8]

In May 2011 CSC obtained a contract to deliver logistics and other services to the US Postal Service under a seven-year deal with an estimated total value of $41.74 million.[9]

Timeline

Exact dates are provided where possible, based on CSC Annual Reports, press releases and other published materials. When exact dates could not be verified, they were estimated.

Acquisitions

Criticism

In December 2011, the non-partisan organization Public Campaign criticized Computer Sciences for spending $4.39 million on lobbying and not paying any taxes during 2008-2010, instead getting $305 million in tax rebates, despite making a profit of $1.67 billion.[20]

See also

References

  1. ^ Board of Directors
  2. ^ a b c d e "Financial Tables". Computer Sciences Corporation Investor Relations. http://www.google.com/finance?q=NYSE:CSC&fstype=ii. Retrieved 2010-08-12. 
  3. ^ a b CSC: Consulting, Systems Integration and Outsourcing
  4. ^ "Xerox In $6.4 Billion ACS Buy: Xerox will pay cash and stock to acquire IT and business process outsourcer Affiliated Computer Services". Information Week. September 28, 2009. http://www.informationweek.com/news/services/outsourcing/showArticle.jhtml?articleID=220300042. Retrieved June 1, 2010. 
  5. ^ "Our History". CSC web site. http://www.csc.com/about_us/ds/40546-our_history. Retrieved June 1, 2010. 
  6. ^ Elmer C. Kubie (Summer 1994). "Recollections of the first software company". IEEE Annals of the History of Computing (IEEE Computer Society) 16 (2): 65–71. doi:10.1109/85.279238. 
  7. ^ "CSC To Move Corporate Headquarters to Falls Church, Virginia". CSC press release. January 30, 2008. http://www.csc.com/newsandevents/news/12289.shtml. Retrieved June 1, 2010. 
  8. ^ "FORTUNE 500: Companies by year C". CNN. http://money.cnn.com/magazines/fortune/fortune500_archive/letters/C.html. Retrieved March 28, 2011. 
  9. ^ "CSC logistics helps USPS process transportation equipment -- Washington Technology". washingtontechnology.com. 2011 [last update]. http://washingtontechnology.com/articles/2011/05/27/csc-usps-logistics.aspx. Retrieved 28 June 2011. "deliver logistics and other support services to the U.S. Postal Service under a seven-year award with an estimated total value of $41.74 million." 
  10. ^ http://www.csc.com/newsroom/press_releases/68289-csc_finalizes_isoft_acquisition
  11. ^ http://www.csc.com/newsroom/press_releases/65761-csc_acquires_brazilian_it_services_firm_vixia
  12. ^ http://www.csc.com/newsroom/press_releases/57746-csc_acquires_centauri_solutions
  13. ^ http://www.virginiabusiness.com/index.php/news/article/csc-to-acquire-image-solutions/309085/
  14. ^ http://www.businesswire.com/news/home/20110112005223/en/CSC-Finalizes-Image-Solutions-Acquisition
  15. ^ http://www.csc.com/newsroom/press_releases/54613-csc_acquires_vulnerability_research_labs
  16. ^ "CSC Acquires Bass & Company". DailyMarkets web site. August 9, 2010. http://www.dailymarkets.com/stock/2010/08/09/csc-acquires-bass-company/. Retrieved August 11, 2010. 
  17. ^ CSC: CSC ACQUIRES LOG.SEC CORPORATION December 18, 2008
  18. ^ CSC: CSC STRENGTHENS GLOBAL DELIVERY CAPABILITIES WITH BULGARIAN ACQUISITION December 11, 2008
  19. ^ CSC: CSC COMPLETES ACQUISITION OF FIRST CONSULTING GROUP January 14, 2008
  20. ^ Portero, Ashley. "30 Major U.S. Corporations Paid More to Lobby Congress Than Income Taxes, 2008-2010". International Business Times. Archived from the original on 26 December 2011. http://www.webcitation.org/64D9GyQG0. Retrieved 26 December 2011. 

External links