Computer Sciences Corp
Accenture Targeting Inorganic Growth to Drive Revenues
In June 2017, Accenture (ACN) announced the acquisition of SolutionsIQ for an undisclosed amount. SolutionsIQ provides agile transformation solutions for enterprises.
Where Do Apple’s Earnings and Ratios Stand?
Apple’s (AAPL) EBITDA (earnings before interest, tax, depreciation, and amortization) margin last year was 31%. This level reflected EBITDA of $69.7 billion.
What Impacted HPE’s Enterprise Group Revenue in Fiscal 2Q17?
Hewlett Packard Enterprise (HPE) completed its spin-off with Computer Sciences Corporation (CSC) in April 2017. It now has three primary business segments.
What Are Hewlett Packard Enterprise’s Key Growth Areas?
Hardware technology company Hewlett Packard Enterprise (HPE) saw its revenue rise 20% YoY (year-over-year) in its high-performance computing business in fiscal 2Q17.
How HPE Is Aiming to Grow through Acquisitions
In April 2017, Hewlett Packard Enterprise (HPE) announced that the firm has completed the Nimble Storage (NMBL) acquisition.
How HPE Continues to Streamline Its Business
Investors believe HPE is heading in the right direction with several mergers and spin-offs over the last 15 months.
How Will Shareholders Gain from the LogMeIn-GoToMeeting Merger?
On completion of the LogMeIn-GoToMeeting merger, Citrix shareholders will get ~27.6 million shares.
How Do Analysts View Computer Science Corporation?
Of the 15 analysts covering Computer Science Corporation’s (CSC) stock, four have given it a “buy” recommendation and 11 have given it a “hold” recommendation.
Why the BPS Business Segment Is Important to CSC
CSC’s fiscal 4Q16 revenues fell by 5.4% YoY to $1.8 billion. On a constant currency basis, revenues fell by 2.4% YoY in fiscal 4Q16.
How Will the HPE-CSC Merger Benefit the Companies’ Stakeholders?
The merger of Computer Science Corporation (CSC) and Hewlett-Packard Enterprise’s (HPE) Enterprise Services business is expected to expand its customers’ access to digital innovation.
How Can the Merger with HPE’s Enterprise Unit Benefit CSC?
HPE’s CEO, Meg Whitman, stated that Mike Lawrie, the current head of CSC, will serve as the chairman and CEO of the new company. Whitman will serve on the board of the new company.
Merger Announced with HPE’s Enterprise Services Unit Boosts CSC Price
In this series, we’ll focus on the key drivers that impact the performance of Computer Science Corporation (CSC), as well as the announced merger with the Enterprise Services segment of Hewlett-Packard Enterprise (HPE).
Why CSC Stock Has Taken a Beating Recently
The breakup of CSC and CSRA into two separate companies, effective November 30, was likely the reason for the ~55% fall in CSC’s share price on November 30.
Why Is Xchanging Entertaining Takeover Offers?
Xchanging booked 47 million pounds in impairment charges on its procurement business, which led to an overall loss of 41.1 million pounds.
How Ebix Could Thwart CSC’s Plans to Acquire Xchanging
CSC still has to wait to move on the Xchanging deal, as the takeover panel granted Ebix (EBIX), one of the bidders, more time to finalize its offer on December 10, 2015.
Why Xchanging Is CSC’s Most Recent Acquisition Target
Xchanging is a London-based provider of technology-enabled business processing, especially in the insurance and financial space.
How Does Guidewire Software Compare to Its ETFs and Peers?
The PBV ratios of Guidewire Software, Computer Sciences, Pegasystems, and Ebix were 6.2x, 1.4x, 7.4x, and 3.2x, respectively, as of December 1, 2015.
Computer Sciences Spin-Off Put It at the Top of SPY
Stocks at the top of the SPDR S&P 500 ETF (SPY) on November 30 were Computer Sciences (CSC), NRG Energy (NRG), and Newmont Mining (NEM).
Computer Sciences to Acquire Australian Tech Company UXC
On November 24, Computer Sciences (CSC) confirmed that it had entered into a binding “scheme of implementation” agreement to acquire the shares of UXC.
Computer Sciences Rose 8% after Separation from CSRA
On November 30, 2015, CSRA (CSRA) announced its separation from Computer Sciences (CSC).
Leveraged Loan Funds Continued to Witness Outflows
Leveraged loan funds saw an outflow for the week ending October 28—the 14th week with an outflow. The quantum of outflows was $169.1 million last week.
How Did Telecom and Energy Stocks Fare on August 12?
The telecommunication and energy sectors showed positive returns on August 12. Six stocks out of nine telecommunication stocks were trailing upwards.
Computer Sciences Corporation’s Focus on Cloud and Big Data
International Data Corporation expects the global big data technology and services market to grow at a CAGR of 26.4% to reach $41.5 billion in 2018.
Will CSC’s Aggressive Cost Cuts Help in the Long Run?
CSC delivered cost savings of $115 million in 3Q15 and $310 million YTD. CSC expects to deliver cost takeout benefits of $450 million–$500 million in 2015.
JANA’s Track Record As an Activist Investor
Activist investor JANA Partners sold a 20% stake in the firm to Neuberger Berman’s Dyal Capital Partners. Dyal holds a passive interest in JANA Partners.
JANA Partners Has Activist Stake in Computer Sciences Corporation
According to JANA Partners, Computer Sciences Corporation is undervalued and is an attractive investment opportunity.
Why JANA Partners Considers CSC To Be Undervalued
JANA Partners declared its increased stake in CSC, believing that the company is undervalued. JANA wants CSC to look for strategic alternatives.
Glenview Capital increases its position in Cadence Design Systems
Glenview Capital increased its position in Cadence Design Systems by 3.25 million shares, bringing its position to 17.7 million shares in the company.
JANA Partners exits stake in Dollar General Corporation
JANA Partners sold a significant stake in Dollar General (DG) in the fourth quarter. The position accounted for 2.55% of the fund’s third-quarter portfolio.
JANA sells stake in Equinix
JANA Partners sold a significant stake in Equinix (EQIX) during the fourth quarter. The position accounted for 3.38% of the fund’s third-quarter portfolio.
JANA adds significant new position in NCR Corporation
JANA Partners added a significant stake in NCR Corporation (NCR). The position accounted for 3.27% of the fund’s total fourth-quarter portfolio.
Greenlight exits position in Computer Sciences Corporation
Greenlight Capital exited a position in Computer Sciences Corporation (CSC). The position accounted for 2.05% of the fund’s portfolio for the second quarter that ended in June.
Greenlight acquires stake in NorthStar Asset Management
Greenlight disclosed a new position in NSAM. The position accounted for 1.21% of the fund’s portfolio for the third quarter that ended in September.
Highlights of David Einhorn’s Greenlight Capital’s 3Q 13F
Activist investor David Einhorn’s Greenlight Capital’s recent 13F filing revealed new positions and disposals during the third quarter that ended in September.
Why Global Services are integral for IBM’s revenue generation
IBM’s Global Technology and Global Business Services combined form Global Services. Jointly, they contribute 57% of IBM Corp.’s (IBM) consolidated revenues.