Mr. Level: CSC was founded in 1959 by two pioneers in the information technology business, Fletcher Jones and Roy Nutt. CSC began providing operating systems software for mainframe computers. That business was successful initially, but the mainframe companies vertically integrated it. So in 1961 the company started providing information technology professional services to the US federal government, initially with a NASA contract at the Jet Propulsion Lab. In 1964, CSC acquired two divisions from ITT that did government work, and from that base until the mid-1980s, CSC built a very significant information technology professional services business serving the US federal government. In the mid-1980s, the management of the company determined that we should enter the commercial marketplace. Since then, CSC has acquired more than 60 companies in the commercial IT business. We built a consulting and systems integration business globally that competes with all of the major players in that business. In the early 1990s we entered the commercial IT outsourcing business through a multi-billion contract with General Dynamics. Today, we are one of the three most significant companies providing IT outsourcing services globally. Roughly 51% of our total of nearly 12 billion of revenue is commercial information technology outsourcing. We have about 66,000 employees, and about 63% of our revenues are based in the United States. Europe is about 26%, and the rest of the world is about 11% of our revenue.
TWST: Could you give us a sense of what distinguishes you from
your competitors?
Mr. Level: Independent surveys and our clients tell us that CSC
is perceived as flexible, accommodating, and quick to reach
critical decisions. They also say that they can access our top
management promptly. Clients also believe that our position as a
provider of information technology services to the US federal
government has given us a large base of program and project
management talent that we have been able to use in the commercial
marketplace. We have a very broad range of service offerings we
deliver to our clients across vertical industries, such as
financial services, and across global markets around the world.
Our ability to deliver IT outsourcing, consulting and systems
integration services anywhere in the world and at scale also
distinguishes CSC.
Tickers included in this excerpt: CSC
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