TYSONS CORNER, VA, March 31, 2016 — David Keffer, chief financial officer of CSRA (NYSE: CSRA), has indicated that contract recompetes and extensions are part of the company’s growth strategy as it moves forward in its first year of trading on the New York Stock Exchange, ExecutiveBiz reported Wednesday.
“[A]Â lesson I have learned in terms of CSRA stock trading on the open market is that it typically takes a few quarters for a spin-off to establish its own long-term investor base, and these early months can be volatile for the stock, “Â Keffer told ExecutiveBiz in an interview.
“We have to take a long-term view and recognize that if we perform well as a company and communicate transparently with Wall Street, our stock price will take care of itself over time.”
CSRA was formed in 2015 through the merger of SRA International and Computer Sciences Corp.‘s North American public sector business.
Keffer also noted that financial leaders should focus on cultural integration when bringing two companies together.
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