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Home > Fortune 500 Companies > Computer Sciences
Computer Sciences
Computer Sciences is a publicly traded company having a good stock performance result. Computer Sciences is a fortune 500 stock listed company trading under CSC.
The company was founded by Roy Nutt and Fletcher Jones in 1959. CSC is headquartered in El Segundo, California. Mr. Van B. Honeycutt is theChairman and Chief Executive Officer of the company. CSC provides IT outsourcing, consulting and systems integration services worldwide. The company’s outsourcing services involves operating customer’s technology ,infrastructure, including systems analysis, network operations, applications development, , desktop computing, and data center management. CSC also provides business process outsourcing, such as procurement and supply chain, call centers, and customer relationship management, credit services, claims processing and logistics.
The company began trading overseas in September 1963 and subsequently listed on the American Stock Exchange on January 22, 1964. Since November 26, 1968, company has traded on the New York Stock Exchange. The company has annual revenues of 8.1 billion dollars, operations in over 30 countries, and over twenty thousand employees around the globe.
The company redeemed one billion dollars of debt during the year, bringing their debt-to-total-capital ratio to 17.6 percent, the lowest it has been in nearly 20 years. Total debt at year end stood at 1.4 billion dollars, the lowest since fiscal 2000, and the company exited the year with one billion dollars in cash and cash equivalents, a 448 million dollars increase over fiscal 2004.
Approximately 80 percent of company’s revenues come from long-term contracts including Global Commercial outsourcing and United States federal government engagements. An increase in cash flow from operations during fiscal 2005 reduced the Company’s use of commercial paper during the year.
CSC was previously the primary outsourcing provider and is now a subcontractor, resulting in a 137 million Dollar decline. In addition, two outsourcing contracts that substantially ended in fiscal 2003 resulted in a 101 million Dollar decline year over year. The net effect of the new business and other growth, offset by the various declines, resulted in an overall decline of 4.6% for the U.S. commercial operations in fiscal 2004.
The company’s mission is to use their extensive IT experience to deliver solid business results—enabling their clients in industry and government to profit from the advanced use of technology.
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