-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QL3/F6OoNViF7D53u0qtw9zgeSq4+RLa06SnYUb0ZYHg/VJGbBHo9ux0Zcq6tkjC lZUy8Q0Qa3oYFj1F/TDViw== 0000023082-10-000025.txt : 20100401 0000023082-10-000025.hdr.sgml : 20100401 20100401164741 ACCESSION NUMBER: 0000023082-10-000025 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20100401 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100401 DATE AS OF CHANGE: 20100401 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COMPUTER SCIENCES CORP CENTRAL INDEX KEY: 0000023082 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] IRS NUMBER: 952043126 STATE OF INCORPORATION: NV FISCAL YEAR END: 0403 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-04850 FILM NUMBER: 10724662 BUSINESS ADDRESS: STREET 1: 3170 FAIRVIEW PARK DRIVE CITY: FALLS CHURCH STATE: VA ZIP: 22042 BUSINESS PHONE: 7038761000 MAIL ADDRESS: STREET 1: 3170 FAIRVIEW PARK DRIVE CITY: FALLS CHURCH STATE: VA ZIP: 22042 8-K 1 form8k.htm FORM 8-K DATED 04012010 form8k.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 
Washington, D.C.  20549
 
 
FORM 8-K
 
 
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
 
 
Date of Report (Date of earliest event reported):    April 1, 2010

   
COMPUTER SCIENCES CORPORATION
 
(Exact name of Registrant as specified in its charter)
 

Nevada
1-4850
95-2043126
(State or Other Jurisdiction of Incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)
     
 
 
3170 Fairview Park Drive
22042
Falls Church, Virginia
(Zip Code)
(Address of Principal Executive Offices)
 
 
 
Registrant’s telephone number, including area code  (703) 876-1000
 
 
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 
 

 

 
 
 
 
 
 
Item 7.01 Regulation FD Disclosure
 
On April 1, 2010, CSC issued a press release updating its guidance for the fiscal year ending April 2, 2010.  A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference and made a part hereof.
 
This information is "furnished" and not "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liabilities of that section. It may only be incorporated by reference in another filing under the Securities Exchange Act of 1934 or the Securities Act of 1933 only if and to the extent such subsequent filing specifically references the information incorporated by reference herein.
 
Item 9.01  Financial Statements and Exhibits
 
The following exhibit is furnished herewith:
 
Number                                               Description
 
99.1                           Press Release (furnished herewith).
 
 
 
 
SIGNATURES
 
                    Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereto duly authorized.
 
 
 
COMPUTER SCIENCES CORPORATION
   
   
Dated:  April 1, 2010
 
  By   /s/ Michael J. Mancuso
        Michael J. Mancuso
        Vice President and Chief Financial Officer
   
   
   
   
   
   
   
   
   
   
   
 



 
 

 


Exhibit Index



Number                                          Description

99.1                                           Press Release (furnished herewith).


 
 

 

EX-99.1 2 ex99.htm EXHIBIT 99.1 PRESS RELEASE ex99.htm
 
 
 
EXHIBIT 99.1

Contact:
Ashley Murray
FOR RELEASE
 
Media Relations
Moved On Business Wire
 
Corporate
April 1, 2010
 
703.641.2217
 
 
amurray25@csc.com
 
     
   
Bryan Brady
   
Vice President, Investor Relations
   
Corporate
   
703.641.3000
   
investorrelations@csc.com


CSC UPDATES FISCAL YEAR FINANCIAL GUIDANCE
Significant Increases in New Business Awards and Profitability

FALLS CHURCH, Va., April 1 – CSC (NYSE: CSC) today updated its financial guidance for the fiscal year ending April 2, 2010 as follows:

·  
New business awards of approximately $19 billion versus prior guidance in the range of $17 - $18 billion
 
·  
Revenue in the range of $16 - $16.5 billion, consistent with prior guidance
 
·  
Operating margin of 8.6% to 8.8%, consistent with prior guidance and representing a 25 to 50 basis point increase over last year
 
·  
Earnings per share in a range of $5.05 - $5.15 versus prior guidance of $4.80 - $5.00
 
·  
Free cash flow equal to or greater than 90% of net income, consistent with prior guidance
 
CSC expects to release its fourth quarter and audited fiscal year results on May 20, 2010 and senior management will host a conference call and webcast on that date to discuss the results and answer questions. The specific time of the conference call and dial-in details will be forthcoming.

 
 

 

 
Non-GAAP Measures
 
The company’s guidance disclosed in this press release uses certain non-GAAP terms, specifically operating margin and free cash flow. Operating margin is defined as operating income as a percentage of revenue. Operating income is defined as revenue minus operating costs, before corporate G&A expenses. Free cash flow is equal to the sum of (1) operating cash flows, (2) investing cash flows, excluding business acquisitions and dispositions, purchase, or sale of available for sale securities, and (3) capital lease payments.

About CSC
CSC is a global leader in providing technology-enabled solutions and services through three primary lines of business. These include Business Solutions and Services, the Managed Services Sector and the North American Public Sector. CSC's advanced capabilities include system design and integration, information technology and business process outsourcing, applications software development, Web and application hosting, mission support and management consulting. The company has been recognized as a leader in the industry, including being named by FORTUNE Magazine as one of the World’s Most Admired Companies for Information Technology Services (2010). Hea dquartered in Falls Church, VA., CSC has approximately 92,000 employees and reported revenue of $16.0 billion for the 12 months ended Jan. 1, 2010. For more information, visit the company’s Web site at www.csc.com.

 
All statements in this press release and in all future press releases that do not directly and exclusively relate to historical facts constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements represent the company’s intentions, plans, expectations and beliefs, and are subject to risks, uncertainties and other factors, many of which are outside the company’s control. These factors could cause actual results to differ materially from such forward-looking statements. For a written description of these factors, see the section titled “Risk Factors” in CSC’s Form 10-K for the fiscal year ended April 3, 2009 and any updating information in subsequent SEC filings. The company disclaims any intention or obligatio n to update these forward-looking statements whether as a result of subsequent event or otherwise, except as required by law.
 

###

 
 

 

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-----END PRIVACY-ENHANCED MESSAGE-----