Archive for the ‘CSC Computer Sciences’ Category
CSC announced that Mike Lawrie will officially begin his post as the company’s president and chief executive officer on March 19, 2012. Lawrie, who has been a member of CSC’s board of directors since February 7, 2012 succeeds Michael W. Laphen, who will retire as the company’s chairman, president and chief executive officer on March 19, 2012.
Rodney F. Chase, a current director on the company’s board is to become non-executive chairman. David Barram, a current director on the company’s board, has been appointed by the board as chairman of the audit committee. Chase and Barram’s appointments are effective March 19, 2012.
“I am eager to begin leading CSC and continuing to engage with our clients, partners and nearly 100,000 employees around the world,” said Lawrie. “There is great potential within CSC to improve operational and financial performance, while continuing to develop and deliver leading edge services and solutions to make our clients’ successful. I look forward to getting started as we build on our heritage, capabilities and client base to achieve the performance and the value CSC is capable of attaining.”
Prior to CSC, Lawrie was chief executive officer of UK-based Misys plc, a leading global IT solutions provider to the financial services industry, from November 2006 to January 2012. Lawrie also served as the executive chairman of Allscripts-Misys Healthcare Solutions, Inc., an industry leader in electronic health record solutions, from October 2008 to August 2010. Prior to that, Lawrie was a general partner with ValueAct Capital, a San Francisco-based private investment firm, from 2005 to 2006. He also served as chief executive officer of Siebel Systems, Inc., the international software and solutions company, from 2004 to 2005. Previously, Lawrie spent 27 years with IBM where he held various leadership positions, including senior vice president and group executive, responsible for sales and distribution of all IBM products and services worldwide; general manager for operations in Europe, the Middle East and Africa; and general manager of Industries for the Asia Pacific. Lawrie is the lead independent, non-executive director of Juniper Networks, Inc., and is also a trustee of Drexel University, Philadelphia. Lawrie holds a B.A. in History from Ohio University and an M.B.A. from Drexel University, Philadelphia.
Source: www.top-consultant.com
CSC has signed a non-binding Letter of Intent with the UK Department of Health (NHS) that defines a way forward for CSC to deliver healthcare solutions and services, primarily across the North, the Midlands and East of England, in support of the NHS’ reform agenda. In connection with the announcement, CSC filed a Current Report on Form 8-K with the US Securities and Exchange Commission.
The Letter of Intent reflects a new approach, moving toward a construct of more localized initiatives, reflecting the shift to more devolved decision-making and budgetary control within the NHS. Systems will continue to meet agreed rigorous national standards and will improve connectivity and interoperability of health providers in order to enhance overall patient care in England.
The principles contained in the Letter of Intent are intended to establish a framework for a broad agreement to be entered into by the parties by 31 March 2012. As a part of this agreement, it is intended that CSC will contract to deliver additional Lorenzo implementations, adding to the 10 deployed successfully to date, with options for more where demand materializes. CSC is confident that Lorenzo’s modern technology base and the fact that it has been specifically designed in collaboration with the NHS, should result in further demand in the future.
Beyond Lorenzo, CSC provides a wide range of other solutions and services to the NHS, including General Practitioner, ambulance, and community systems, and digital imaging, and these services will continue.
CSC believes that the principles contained in the Letter of Intent represent the appropriate way to support the NHS’ reform agenda, providing value for money to taxpayers and, through technology, significantly improving standards of patient care in England.
Source: www.top-consultant.com
CSC has been ranked in the top 50 greenest companies in America in the 2011 Newsweek Green Rankings. The company has improved its ranking dramatically each year, and currently stands at No. 36 on the list.
This third annual list provides an environmental ranking of the 500 largest publicly traded companies in America, as measured by revenue, market capitalization and number of employees. CSC’s higher ranking is due in part to the company’s expanded and improved policies, regional collaboration, transparency in reporting, maturity of the corporate responsibility program and integration of sustainability into the business.
“CSC is honoured once again to be recognized by Newsweek as one of America’s greenest companies,” said Susan Pullin, vice president of Corporate Responsibility, CSC. “As our improved ranking shows, we continue to invest in environmental sustainability services and strategic Green initiatives that benefit our clients, our company and the world around us.”
Newsweek’s Green Rankings are based on a company’s overall Green Score, which was derived from three components: Environmental Impact Score (weighted at 45 percent of the total), Environmental Management Score (45 percent) and Disclosure Score (10 percent). Disclosure is a new category added this year to measure company transparency and reporting measures.
Source: www.top-consultant.com
CSC has signed a new information technology (IT) outsourcing agreement with global defense and security company, BAE Systems. The five-year contract replaces the existing agreement that was due to expire in April 2012. The estimated contract value is up to $160 million per year. The agreement was signed during the third quarter of CSC fiscal year 2012.
Under the new agreement, CSC will deliver a full range of IT services, including service desk, collaborative services, end user compute, mainframe, physical/virtual servers, storage and networking, service request fulfilment and project services and application maintenance and support.
“Signing this new agreement with CSC demonstrates the success of our long-standing business partnership,” said Dean McCumiskey, BAE Systems global chief information officer. “As the defense industry continues to evolve, CSC’s expertise and support in delivering highly competitive, value for money services across our business in support of our strategic and operational objectives will be invaluable.”
“We are pleased to have finalized this new contract and look forward to supporting BAE Systems’ dynamic, changing business,” said Andy Williams, president of CSC’s Northern European operations. “This fourth generation IT outsourcing agreement recognizes CSC’s ability for delivering an excellent service, providing cost efficiencies as well as innovative technology-enabled solutions to complex business challenges.”
CSC’s relationship with BAE Systems began in April 1994 when the companies signed a 10-year IT outsourcing contract in the UK. At the time, the contract was one of the largest commercial IT outsourcing contracts ever awarded to a single supplier in Europe. The relationship between CSC and BAE Systems has matured, strengthened and expanded, supporting BAE Systems multiple mergers and acquisitions in both the UK and home countries. Through this new agreement, CSC provides IT services in support of 11 BAE Systems businesses operating in over 100 locations in the UK, Saudi Arabia and Sweden.
Source: www.top-consultant.com
FALLS CHURCH, Va. — CSC, a leading global IT services company, announced that Michael W. Laphen has informed the Board of Directors of his plan to retire as Chairman, President and Chief Executive Officer. Laphen, 61, will continue to serve until a successor is named and the CEO transition is complete, but no later than October 31, 2012.
The Board has formed a search committee to identify a new CEO and has retained Heidrick & Struggles, a nationally recognized executive recruiting firm, to advise the Board on potential candidates.
“I began my professional career with CSC in 1977, and I am proud to have been a part of the Company’s growth and evolution into a premier, global IT services company,” said Laphen. “CSC’s dedicated employees and management team have put CSC on a solid footing, and I am confident that the company is well positioned for its next phase of growth and development. I look forward to working with the Board of Directors and my successor to ensure a seamless transition.”
“On behalf of the Board and everyone at CSC, I would like to thank Mike not only for his leadership over the last four years as Chairman, President and CEO, but also for the dedication and commitment that he has given to CSC for nearly 35 years,” said Irving W. Bailey, II, Lead Director of the CSC Board of Directors. “The Board is committed to conducting a thorough search to identify the right candidate to serve as CSC’s next CEO and will complete the search as expeditiously as possible.”
Source: www.top-consultant.com
LONDON — CSC announced the appointment of seven new salespeople within its UK business, to support the company’s growth agenda.
The new hires will be focusing on growing CSC’s managed services, consulting, business process outsourcing, and emerging services business including continuing the expansion of existing cloud computing services, across all vertical markets.
“Ramping up the sales force is a key step in growing our already successful business within the UK. As part of our three-year growth strategy, we will not only be looking to exploit opportunities across our existing client base but with new prospects too. CSC also plans to take advantage of the increased demand for services such as cloud computing and cyber-security,” commented Liz Benison, UK Chief operating officer at CSC. “As organisations look to transform their business processes, we’re finding that CSC’s flexibility, independence and breadth of services mean they can choose both the method and pace that’s right for them.
“With so many issues facing both commercial and public sector organisations – such as pressure to improve operational efficiency and performance, cut costs and operate within a secure environment – our experience means that CSC is well placed to provide solutions to meet such demands,” continued Benison. “Our new team will be pivotal in helping to deliver these solutions to clients to push forward our growth strategy. Strengthening our resources also means that we can adapt to meet today’s market challenges and become true leaders in defining the outsourcing landscape.
As part of its growth strategy, CSC will be focussing on developing innovative solutions designed to meet the needs specific to each industry sector. Building deeper relationships with customers will also be key as well as enabling business agility and commercial flexibility.
CSC has already begun its aggressive recruitment drive, with further appointments to be announced. To date the new team includes:
• Robert Tillman joins CSC as the end user transformation sales lead. With over 25 years of management experience in the IT services Industry and the US Navy, Robert has successfully managed numerous sales and implementation teams in both EMEA and the US.
• Tim Taylor joins CSC as a specialist cloud services sales executive from Unisys, where he was part of the global outsourcing and infrastructure services team. Tim has also held senior sales posts in Colt and Computacenter.
• Matt Browne is also a specialist sales executive working across CSC’s UK business on new sales opportunities. Prior to CSC Matt was working at Computacenter where he focused on financial services clients. Previously Matt also worked at BT.
• Jeremy Josephs joins as a specialist sales executive working across CSC’s UK business on new sales opportunities. He joined CSC from Steria, where he was responsible for closing new logo business in Barclays. Prior to Steria, Jeremy was at Accenture selling BPO solutions across all verticals and BT.
• Jyoti Ball is the fifth specialist sales executive to join the CSC team working across CSC’s UK business on new sales opportunities but with a specific focus on financial services. Jyoti was most recently with HP for 11 years where she was year-on-year a top performer in their managed services business, selling across the commercial sector.
• Roger Willison-Gray brings with him over 25 years of experience in the travel and transport information, reservation and ticket systems markets, delivering solutions to airlines and transport operators in Europe, America and Asia. At CSC Roger, as market development executive, will be responsible for bringing CSC’s innovation and business transformation to the UK transport sector.
• Finally, Jonathan Jones joins as a specialist aerospace and defence sales executive. Jonathan has a 15 year strong track record in defence and aerospace working in sales and business development. His experience includes BAE Systems where he undertook a variety of roles in the systems integration and C4ISTAR domain including Joint Military Air Traffic Services.
Source: www.top-consultant.com
LONDON — CSC announced the appointment of Jon Green as Vice President of its Global Business Services division in the UK, Nordics and the Netherlands. Reporting to Andy Williams, President of CSC Northern Europe, Green joined CSC from Fujitsu where he ran its global cloud services division.
With more than 25 years of consulting industry experience, Green was previously Fujitsu’s Global Sales Lead for Azure Cloud Services. Prior to that, he was Fujitsu’s UK Sales and Marketing Director. Other roles have included IBM’s EMEA Sales Director for Business Process Outsourcing, a division he was responsible for founding.
“Jon’s appointment heralds the next stage of development for CSC’s already very successful consulting business which plays a vital part in our business growth strategy,” commented Andy Williams, President of CSC Northern Europe. “His vast depth of experience in consulting, BPO, and cloud services coupled with an impressive track record in leading high-growth businesses will be invaluable.”
“We operate an integrated model between consulting and managed services and this is what makes us unique,” said Jon Green, Vice President, Global Business Services, CSC Northern Europe. “Not only can we offer advice but CSC can turn ideas into reality. My vision is to use consulting to deliver added value to clients and become their trusted services partner but also create solutions to their challenges by growing our strategic partner network. The new approach will be a major catalyst for growth and will be focusing on key industries and solution areas such as SaaS, cloud, mobility and cybersecurity.”
Source: www.top-consultant.com
| CSC reported first quarter fiscal 2012 revenue of $4.03 billion and fully diluted earnings per share (EPS) from continuing operations of $1.18 compared to first quarter fiscal 2011 revenue of $3.91 billion and EPS from continuing operations of $0.89.
CSC said new business awards were $2.3 billion compared to $3.3 billion during the first quarter of the previous year. The company’s pre-tax margin was 2.50%, a decrease of 290 bps from the previous year. Operating margin stood at 4.46%, a decrease of 262 bps from the previous year. “This quarter’s margin results were adversely affected by performance within the Managed Services Sector (MSS). Improvement actions are underway within this business,” said Michael W. Laphen, CSC Chairman, President and Chief Executive Officer. “Our other two lines of business delivered results essentially in line with our expectations. I am particularly encouraged by the revenue growth in Business Solutions & Services (BSS) which we’ve identified as our growth platform. We are very pleased to have closed our acquisition of iSOFT with its depth of quality healthcare resources and clients.” Across the three lines of business, new business awards for the first quarter were $2.3 billion. North American Public Sector (NPS) contributed $0.9 billion, BSS reported $0.9 billion and MSS closed $0.5 billion of new business. On a year-to-date basis, new business awards are approximately $4.1 billion with a further $1.4 billion of awards for which CSC has been down-selected to one and/or the only party in negotiations. For the quarter, BSS revenue was $0.96 billion (an increase of 17.1% from the first quarter last year and 8.0% in constant currency). NPS revenue was $1.48 billion (down 2.4% from the first quarter last year but flat when adjusted for the Census contract contribution in the previous fiscal year). MSS revenue was $1.62 billion (an increase of 1.3% from the first quarter of last year and a decline of 5.7% in constant currency). The company’s updated guidance for fiscal year 2012 includes the July 29, 2011 iSOFT acquisition and related costs. The company now expects revenues in the range of $16.5 – $17 billion. |
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Source: www.top-consultant.com
CSC has signed a contract with ArcelorMittal, the world’s leading steel company, to provide information technology (IT) infrastructure managed services. The agreement provides the framework for common and country-specific agreements by the local entities of each party, and will become effective upon the signing of the different accession agreements.
The contract has a five-year base with two two-year extension options. Financial terms were not disclosed. Services are expected to commence in the fourth quarter 2011 (the third quarter of CSC’s fiscal year 2012). All of the agreements are subject to regulatory and other approvals and notifications, including consultation of relevant workers councils.
CSC services are designed to manage ArcelorMittal’s European IT services and to enhance infrastructure service quality, deliver new solutions, improve workforce efficiency and reduce ongoing costs. CSC will provide ArcelorMittal with enterprise infrastructure services (application and web hosting, datacenter, storage, mainframe, business continuity and disaster recovery) and workplace infrastructure services (desktop, network, communication and collaboration, print, security and helpdesk support).
“We are confident that CSC will demonstrate to be the right choice for ArcelorMittal, not only because of its technical competences and global footprint, but also because of its ability and willingness to provide a career to our people and to improve our Infrastructure landscape in Europe,” said Mr. Davinder Chugh, Member of the Group Management Board, Responsible for Shared Services, ArcelorMittal.
CSC’s work will involve all ArcelorMittal’s Western and Eastern Europe IT operations. Under the terms of the agreement, approximately 240 employees will potentially transition to CSC during the second half of 2011.
“We are excited for the opportunity to work with ArcelorMittal, the world’s leading steel company, to support their mission to drive efficiencies across their business and better serve clients worldwide,” said Michael W. Laphen, CSC chairman, president and chief executive officer. “This agreement is another validation of CSC’s leadership in global infrastructure services, and demonstrates our ability to drive change within the IT function of the world’s most innovative and dynamic companies.”
Source: www.top-consultant.com
One of the highlights of report is the new business awards of $4.0 billion for the quarter and $14.0 billion for the year.
CSC reports preliminary annual revenues of 16.04 billion
CSC reported preliminary fourth quarter fiscal 2011 revenue of $4.20 billion and fully diluted earnings per share (EPS including discontinued operations) of $1.09 compared to fourth quarter fiscal 2010 revenue of $4.20 billion and EPS of $1.66. The results are preliminary as the investigations into accounting irregularities in its Nordic operation will delay the filling of the company’s results.
“The preliminary fourth quarter results are in-line with our updated guidance issued on May 2,” said Michael W. Laphen, CSC Chairman, President and Chief Executive Officer. “Although Fiscal Year 2011 was challenging given the NHS uncertainty, the unexpected difficulties in the Nordics and the delays in the Federal budgets, I am pleased with the sequential and year over year revenue growth achieved in our commercial business. Excluding the challenges, our business performed as expected in terms of operating margin and free cash flow.”
CSC also announced preliminary full year revenue of $16.04 billion and EPS (including discontinued operations) of $4.73 compared to fiscal 2010 revenue of $15.92 billion and EPS of $5.28. The reduction in the company’s preliminary earnings per share for fiscal 2011 as compared to fiscal 2010 is primarily due to a profit adjustment related to the company’s contract with National Health Service in the United Kingdom, net out of period adjustments in the Company’s Managed Services Sector and a higher effective tax rate.
New business awards
Across the three lines of business, new business awards for the fourth quarter were $4.0 billion. North American Public Sector (NPS) contributed approximately $0.9 billion, Business Solutions & Services (BSS) reported $1.1 billion and the Managed Services Sector (MSS) closed $2.0 billion of new business.
For the full year, new business awards of $14.0 billion were comprised of $5.5 billion from NPS, $3.5 billion from BSS, and $5.0 billion from MSS.
Preliminary revenue by line of business
For the quarter, NPS revenue from continuing operations was $1.50 billion (down 4.4% from the fourth quarter last year), MSS revenue was $1.75 billion (an increase of 3.6% from the fourth quarter of last year and 1.4% in constant currency) and BSS revenue from continuing operations was $981 million (up 1.0% from the fourth quarter last year and down 1.4% in constant currency).
For the fiscal year, NPS revenue from continuing operations was $6.00 billion (down 1.5% from last year), MSS revenue was $6.58 billion (an increase of 2.0% from last year and up 2.1% in constant currency) and BSS revenue from continuing operations was $3.57 billion (up 2.5% from last year and 2.7% in constant currency).
Business Outlook
“As I said at our recent investor conference, I am confident in the company’s future,” continued Laphen. “The industry analysts have recognized our leadership position in the emerging technologies in demand and we will continue to invest in these areas. The Company is financially solid, we’ve realigned our sales engine and infused new talent. I believe we have a great market position as we head into fiscal year 2012.”
The company’s fiscal year 2012 guidance is for revenues of $16.5 – $17 billion.
Source: www.top-consultant.com