CSC Revenue Falls
Total revenue at Computer Science Corp. fell from $16.04 billion in 2010 to $15.88 billion in 2011, according to the solution provider's most recent earnings report. CEO Mike Lawrie said in a statement: "We consider these results to be very poor as the company is executing well below an acceptable level for CSC and its investors." He noted also that the company was in a turnaround position, and that there were "some market headwinds in the federal business and in Europe."
Quarterly revenue also was down from $4.20 billion in first-quarter 2011 to $4.11 billion in first-quarter 2012.