CSC (NYSE: CSC) announced the firm’s third-quarter fiscal 2011 revenue stood just a hair above $4 billion coming in ahead of third-quarter fiscal 2010 revenue of $3.95 billion.
“Our revenue growth of 1.4 percent (2.1 percent constant currency) reflects year over year growth within all of our business sectors, ” CEO Michael Laphen said. “Sequentially, our Public Sector revenue continues to be impacted by award decision delays by the federal government while our commercial segments continue on their growth trajectory. Operating results were primarily impacted by a trailing effect from the previously disclosed Nordics Region issue, offset by a lower tax rate, resulting in a year-over-year increase in EPS. I am pleased to see the positive results from our continued focus on cash management and the corresponding contribution to our balance sheet strength.”
