CSC Posts Encouraging Results, Notable Demand in Next-Gen Offerings, Shares Overvalued
Computer Sciences Corp reported encouraging third-quarter results with the firm seeing a good pipeline of business. CSC’s Global Infrastructure Services, or GIS, business was notably strong with bookings of $1.3 billion for a book-to-bill of 1.5 times. Additionally, demand for the firm’s next-generation services (which are expected to fuel future top-line growth for the firm) were notable with management citing a next-gen book-to-bill of 1.6 times. The next-gen performance illustrates the firm’s...
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