VARINDIA IT MAGAZINE

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE CSC has recently reported first quarter 2013 diluted earnings of $0.26 per share, compared with diluted earnings of $1.17 per share in the first quarter of 2012 which included a one-time tax benefit of approximately $0.78 cents. Total revenue was $3.96 billion compared to $4.03 billion in the same period of last year. Mike Lawrie, President & CEO said, “Our first quarter performance reflects a first step in turning around CSC. While there is significant work ahead of us, I am pleased with our initial progress on operating margins and free cash flow.” “We have launched several action plans which will transform the company over the next several years and create value for our shareholders. As part of this transformation agenda, we are bringing a much needed focus to greater contract management discipline across the company. We are also simplifying our operating model to realize greater productivity and operational efficiency. We...

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE CSC has announced that Mike Lawrie has been appointed as President and Chief Executive Officer. Lawrie succeeds Michael W. Laphen. The CSC board of directors also announced that Rodney F. Chase, a current director on the company's board, has been appointed non-executive Chairman of the board of directors, effective upon Lawrie's start as President and CEO. Lawrie has also been appointed to CSC's board, effective immediately. Lawrie is currently Chief Executive Officer of UK-based Misys plc, a global leader of IT solutions for the financial services industry publicly traded on the London Stock Exchange. Irving W. Bailey, II, Lead Director, CSC's Board of Directors said, "We are very pleased to welcome Mike Lawrie as CSC's next president and CEO. Mike has extensive experience in managing publicly-traded global companies and a reputation for driving shareholder value and helping companies to reach their potential. CSC...