Computer Sciences Corporation (CSC) Reports First Quarter 2012 Results

Computer Sciences Corporation (CSC) (NYSE: CSC), announced that it increased revenue and new business awards in its first quarter fiscal 2012 ended July 1, 2011.

The technology company providing solutions to government and private industries said revenue totaled $4.03 Billion, a year-over-year increase from $3.91 Billion in the first quarter fiscal 2011.

The company with headquarters in the Falls Church area of Fairfax County said net income amounted to $183 Million or $1.18 per fully diluted share in Q1 2012 versus $143 Million or $0.89 per fully diluted share in the prior fiscal year.

The company's balance sheet showed cash and cash equivalents of $1.7 Billion as of July 1, 2011.

Computer Sciences Corporation has approximately 93,000 employees world-wide.

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