Computer Sciences Earnings In Line With Expectations

Author:: Yi Ping Ho
Publish date:: Nov 2, 2000 5:08 PM EST

Computer Sciences

(CSC)

reported second-quarter earnings that met analysts expectations, citing continued strong revenue growth from its U.S. federal government, commercial outsourcing and Asia-Pacific activities.

The consulting and information technology firm earned $109 million, or 64 cents a share, compared with $93.1 million, or 55 cents a share, in the same period last year. A

First Call/Thomson Financial

poll of 12 analysts expected earnings of 64 cents a share.

Revenue for the quarter was $2.5 billion, up 12% from $2.2 billion a year earlier.

The El Segundo, Calif., company also said it received a seven-year, $3 billion contract from

Nortel Networks

(NT)

; a five-year, $225 million contract from the

U.S. Air Force Space and Missile Systems Center

; and a five-year, $329 million contract from the

Federal Aviation Administration

during the second quarter.

Shares of Computer Sciences closed higher by 5%, or $3.13, to $65.94 in