CSC’s Transition Continues; Positive Signs but Legacy Services Still Sluggish, Shares Fairly Valued
CSC’s first-quarter results reflected the company’s ongoing transition away from sluggish legacy services to high-growth next-generation services. Notably, the Global Infrastructure Services, or GIS, business continues to illustrate the legacy nature of CSC’s services portfolio with management reiterating its negative full-year growth outlook for the segment. Still, CSC’s recent cloud alliance with IBM should, at least, help CSC rapidly adjust to enterprises' increasing willingness to adopt hybr...
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