CSC revenue, net income dip 1 percent

CSC today said its revenue dipped 1 percent to $3.24 billion in the first quarter of fiscal 2015, while net income fell 1.2 percent to $159 million.

Operating income decreased to $304 million from $332 million.

CSC said its operating margin dipped to 9.4 percent from 10.2 percent.

Mike Lawrie, president and CEO, said: “In our commercial business, we continue to make investments in next generation offerings, strategic partnerships, and sales capacity as we focus on returning that business to growth. We are particularly pleased with the growth we are seeing in our cloud, cyber, and big data businesses.”

Global Business Services

Global Business Services revenue increased 3 percent to $1.09 billion. Growth in industry software and solutions offset declines in the company’s consulting business, which is being repositioned to focus on higher-value, next-generation technology services.

Global Infrastructure Services

CSC Global Infrastructure Services revenue fell 1 percent to $1.13 billion due to price-downs, contract conclusions, and restructured contracts.

North American Public Sector

CSC said its North American Public Sector revenue dipped 3 percent to $1.02 billion, reflecting uncertainty in the budget environment at the Department of Defense and other Federal government agencies.

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