Computer Sciences Corporation

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Computer Sciences Corporation
Type Public
Traded as NYSECSC
S&P 500 Component
Industry IT services, IT consulting
Founded April 1959
Founders Roy Nutt
Fletcher R. Jones
Bob Patrick
Headquarters Falls Church, Virginia, United States
Area served Worldwide
Key people John Michael Lawrie, (President and CEO)[1]
Services IT, business consulting and outsourcing services
Revenue Decrease US$ 12.99 billion (2014)[2]
Operating income Increase US$ 1.05 billion (2014)[2]
Net income Decrease US$ 674 million (2014)[2]
Total assets Decrease US$ 11.38 billion (2014)[2]
Total equity Decrease US$ 3.91 billion (2014)[2]
Employees 79,000 (March 2014)[2]
Subsidiaries CSC India, Computer Sciences Raytheon
Website www.csc.com
CSC's branch office in El Segundo, California, USA

Computer Sciences Corporation (CSC) is an American multinational corporation that provides information technology (IT) services and professional services.[2] Its headquarters are located in Falls Church, Virginia. CSC has 80,000 employees in over 70 countries. Its clients include commercial enterprises and the U.S. federal government, as well as state, local and non-U.S. government agencies.[3]

In September 2009, when Xerox acquired Affiliated Computer Services,[4] CSC became the only remaining independent major outsourcing vendor with headquarters and major operations in the US.[5]

In 2011, CSC was acknowledged as the world's fourth most admired IT Services company by Fortune magazine.[6] The company also figures in the Forbes Global 2000 list.[7]

History[edit]

CSC was founded in April 1959. by Roy Nutt, Fletcher Jones and Robert Patrick.[8] Their goal then was to provide programming tools such as assemblers and compilers. By 1963 CSC became the largest software company in the United States and took the business public with an IPO listed on the American Stock Exchange. By the end of 1968, CSC was listed on the New York Stock Exchange and had operations in Canada, India, the United Kingdom, Germany, Spain, Italy, Brazil, and the Netherlands.

Fletcher Jones died in an airplane accident, November 7, 1972. The corporation then owed large sums of money to US banks. There was a major project problem in Italy where the corporation was owed money particularly over the Diners' Club international credit card system development. The solution came from moves into the Middle East. Firstly the Imperial Iranian Supreme Commander's system and the individual force systems produced enormous earnings. Then the corporation won and completed the Saudi Arabian Public Security system. This was the largest non-military system of its time (late 1970's).[citation needed]

Since its beginnings in 1959, company headquarters had been in California. On March 29, 2008, the corporate headquarters of the Company were relocated from El Segundo to Annandale, Virginia.[9][10] CSC has been a Fortune 500 Company since 1995,[11] coming in at 162 in the 2012 rankings.[12]

Business[edit]

CSC employs about 71,000 employees (as of March 28, 2014) in 70 countries and ranks among the largest outsourcing companies in the world. Geographically, CSC has major operations throughout North America, Europe, Asia and Australia.[3]

The company delivers these services through three broad service lines or sectors:[3]

  • North American Public Sector (NPS): a leading federal contractor that provides IT-related and mission/operations-related services to the U.S. federal government (since 1961) and is one of its major IT service providers.
  • Managed Services Sector (MSS): provides information systems outsourcing services to clients in a broad array of industries, including aerospace and defense, automotive, chemical and natural resources, consumer goods, financial services, healthcare, manufacturing, retail and distribution, telecommunications, and technology.
  • Business Solutions and Services (BSS): serves a broad array of industries, providing industry specific solutions in areas such as consulting and systems integration, business process outsourcing, and intellectual property-based software to chemical, energy and natural resources; financial services; technology and consumer; manufacturing; healthcare; and public sector organizations. In addition, BSS provides professional technology staffing services in Australia, computer equipment repair and maintenance services in Asia, and credit reporting services in the United States.

Acquisitions[edit]

  • HCL Technologies and CSC Announce Strategic Partnership to Address the Application Modernization Market (2014)[13]
  • ServiceMesh, a Santa Monica, CA based Cloud Management Platform leader (2013)
  • 42Six, based in Columbia, Md., 42Six is a premiere software development company that specializes in big data processing and analytics and advanced applications support for the U.S. Government Intelligence Community (IC) and the Department of Defense (DoD). (2013 Oct 03) [14]
  • Infochimps, an Austin, TX based Big Data Services Startup (2013), who sell an enterprise-grade next generation IT platform based on Hadoop, Storm, ElasticSearch and HBase.
  • Object Builder Software, a Bulgarian IT services provider (2011)[15]
  • Maricom Systems, Inc., a business intelligence and data management solutions company (2011)[16]
  • AppLabs, a Hyderabad-based software testing company (2011)[17][18]
  • VIXIA Consultoria e Tecnologia Ltda., a São Paulo-based IT services firm (2011)[19]
  • iSOFT Group Limited (2011), adding iSOFT’s 3,000 global employees, including those from major research and development centers in India, Spain, UK, Australia, New Zealand and Central Europe[20][21]
  • CenTauri Solutions, LLC (2010)[22]
  • Image Solutions Inc., a global leader in regulatory submission management solutions and related implementation and outsourcing services for the Life Sciences sector (2010)[23][24]
  • Vulnerability Research Labs (2010)[25]
  • Bass & Company (2010)[26]
  • BearingPoint's Brazil operations (2009)[27]
  • Log.Sec Corporation (2008)[28]
  • OBS BG (2008), renamed to CSC BG[29]
  • First Consulting Group (2008)[30]
  • Covansys Corporation Limited (2007)[31]
  • Datatrac Information Services, Inc., a U.S. government services and solutions provider headquartered in Richardson, Texas (2006)[32][33]
  • DynCorp, one of the largest U.S.-based, employee-owned technology and outsourcing firms (2003);[34][35] sold three DynCorp units (DynCorp International, DynMarine and certain DynCorp Technical Services contracts) to Veritas Capital Fund, LP in 2005[36]
  • Mynd Corporation, formerly known as Policy Management Systems Corporation (PMSC, including PMSC India) (2001)[37][38]
  • BHP Information Technology, an Australian IT services provider (2000)[39]
  • Nichols Research Corp., a defense and intelligence research specialist and systems integrator (1999)[40][41]
  • Continuum Co., an Austin, Texas-based competitor specializing in software and services for banks and insurance companies (1996)[42][43]
  • Ploenzke AG, Germany's largest independent computer services firm (1995)[44][45]
  • Butler Cox, a London-based IT consultancy (1991)[46]
  • Index Group, a leading US consultancy with a base in the UK (1988)[46]

Awards/ Recognition[edit]

  • Ranked 8th in Software Magazine’s Software 500 ranking of the world’s largest software and service providers.[47]

Criticism[edit]

  • In June 2013, Margaret Hodge, chair of the Public Accounts Committee, a Select Committee of the British House of Commons, described CSC as a "rotten company providing a hopeless system", with reference to their multi-billion pound contract to deliver the National Programme for IT Lorenzo contract.[48]
  • In December 2011, the non-partisan organization Public Campaign criticized CSC for spending $4.39 million on lobbying and not paying any taxes during 2008–2010, instead getting $305 million in tax rebates, despite making a profit of $1.67 billion.[49]
  • In February 2011, the SEC launched a fraud investigation into CSC’s accounting practices in Denmark and Australian business. CSC's CFO Mike Mancuso confirmed that accounting errors and intentional misconduct by certain personnel in Australia prompted SEC regulators to turn their gaze to Australia. Mancuso also stated that the alleged misconduct includes $19 million in both intentional accounting irregularities and unintentional accounting errors.[50]
  • The company has been accused of breaching human rights by arranging several illegal rendition flights for the CIA between 2003 and 2006, which also has led to criticism of shareholders of the company, including the governments of Norway and Britain.[51][52]

See also[edit]

References[edit]

  1. ^ Management and Board of Directors
  2. ^ a b c d e f g "CSC Annual Report". Google. 
  3. ^ a b c "Computer Sciences Corporation, Form 10-K, Annual Report, Filing Date May 15, 2013". BusinessWeek.com. Retrieved Dec 27, 2013. 
  4. ^ "Affiliated Computer Services, Form 8-K, Current Report, Filing Date Sep 29, 2009". secdatabase.com. Retrieved Mar 29, 2013. 
  5. ^ "Xerox In $6.4 Billion ACS Buy: Xerox will pay cash and stock to acquire IT and business process outsourcer Affiliated Computer Services". Information Week. September 28, 2009. Retrieved June 1, 2010. 
  6. ^ Fortune World's Most Admired Companies - Computer Sciences
  7. ^ Global 2000 - The World's Biggest Public Companies
  8. ^ "Our History". CSC web site. Retrieved June 1, 2010. 
  9. ^ "Computer Sciences Corporation, Form 10-Q, Quarterly Report, Filing Date Feb 6, 2008". secdatabase.com. Retrieved Mar 29, 2013. 
  10. ^ "Computer Sciences Corporation, Form 8-K, Current Report, Filing Date Mar 31, 2008". secdatabase.com. Retrieved Mar 29, 2013. 
  11. ^ "FORTUNE 500: Companies by year C". CNN. Retrieved March 28, 2011. 
  12. ^ Fortune 500 2012 Computer Sciences
  13. ^ [1]
  14. ^ Williams, Heather. "CSC Acquires 42Six Solutions, LLC". Retrieved 18 January 2014. 
  15. ^ CSC Strengthens Global Delivery Capabilities with Bulgarian Acquisition
  16. ^ Acquisition Strengthens CSC’s Health Informatics and Health Information Services
  17. ^ "Computer Sciences Corporation, Form 10-Q, Quarterly Report, Filing Date Nov 9, 2011". secdatabase.com. Retrieved Mar 29, 2013. 
  18. ^ CSC Acquires IT testing firm AppLabs
  19. ^ CSC Acquires Brazilian IT Services Firm VIXIA
  20. ^ "Computer Sciences Corporation, Form 8-K, Current Report, Filing Date Aug 3, 2011". secdatabase.com. Retrieved Mar 29, 2013. 
  21. ^ CSC Finalizes iSOFT Acquisition
  22. ^ CSC Acquires CenTauri Solutions
  23. ^ CSC to acquire Image Solutions
  24. ^ CSC Finalizes Image Solutions, Inc. Acquisition
  25. ^ CSC Acquires Vulnerability Research Labs
  26. ^ CSC Acquires Bass & Company
  27. ^ CSC COMPLETES ACQUISITION OF BEARINGPOINT BRAZIL OPERATION
  28. ^ CSC Acquires Log.Sec Corporation
  29. ^ CSC Strengthens Global Delivery Capabilities with Bulgarian Acquisition December 11, 2008
  30. ^ "Computer Sciences Corporation, Form 8-K, Current Report, Filing Date Nov 1, 2007". secdatabase.com. Retrieved Mar 29, 2013. 
  31. ^ CSC COMPLETES ACQUISITION OF COVANSYS
  32. ^ "Computer Sciences Corporation, Form 8-K, Current Report, Filing Date Feb 9, 2007". secdatabase.com. Retrieved Mar 29, 2013. 
  33. ^ CSC Acquires U.S. Federal Service Provider Datatrac
  34. ^ "Computer Sciences Corporation, Form 8-K, Current Report, Filing Date Dec 13, 2002". secdatabase.com. Retrieved Mar 29, 2013. 
  35. ^ Computer Sciences Corporation Completes Acquisition of DynCorp
  36. ^ A Brief History of DynCorp International
  37. ^ "Computer Sciences Corporation, Form 8-K, Current Report, Filing Date Jun 20, 2000". secdatabase.com. Retrieved Mar 29, 2013. 
  38. ^ CSC acquires Mynd Corporation
  39. ^ "BHP IT purchase propels CSC to No. 2". www.computerworld.com.au. 
  40. ^ "Computer Sciences Corporation, Form 8-K, Current Report, Filing Date Nov 16, 1999". secdatabase.com. Retrieved Mar 29, 2013. 
  41. ^ CSC to acquire Nichols Research
  42. ^ "Computer Sciences Corporation, Form 8-K, Current Report, Filing Date Aug 1, 1996". secdatabase.com. Retrieved Mar 29, 2013. 
  43. ^ Computer Sciences to Buy Continuum for $1.4 Billion
  44. ^ "Computer Sciences Corporation, Form 8-K, Current Report, Filing Date Jan 23, 1995". secdatabase.com. Retrieved Mar 29, 2013. 
  45. ^ CSC acquires leading German technology consulting firm
  46. ^ a b CSC: Our Highlights
  47. ^ CSC Named to Software Magazine’s 30th Annual Software 500
  48. ^ Brewster, Tom, NHS To Spend £2.2bn On ‘Rotten’ CSC NPfIT Work, techweekeurope 
  49. ^ Portero, Ashley. "30 Major U.S. Corporations Paid More to Lobby Congress Than Income Taxes, 2008-2010". International Business Times. Archived from the original on 26 December 2011. Retrieved 26 December 2011. 
  50. ^ CSC Accounting Fraud Extends to Australia
  51. ^ Computer Sciences Corporation torture link challenges Norway's ethical reputation
  52. ^ Lloyds owns stake in US firm accused over CIA torture flights

External links[edit]