Computer Science Corporation
) recently announced that its Managed Security Service (MSS)
would now include Horizon. Horizon takes care of regulatory needs
for the privacy and protection of information, reducing the risk
of maintaining large data volumes.
The new Horizon simplifies the compliance process, by bringing
compliance solutions under one umbrella (customers often procure
these security solutions from multiple vendors). Therefore,
Horizon should be able to help the customer bring down total IT
Apart from this, Computer Sciences' IT and management
consulting services advise clients on acquisitions, IT security,
strategy and business process re-engineering. The company also
licenses sophisticated software systems for the financial
services markets and provides a broad array of e-business
solutions that cater to the needs of large commercial and
Recently, the company reported first-quarter revenues of $3.26
billion, down 10.3% from $3.63 billion in the year-ago quarter.
All business segments contributed to the decline in revenues.
However, due to effective cost-cutting actions, CSC was able to
expand its margins.
Computer Sciences Corporation is one of the leading players in
the information technology (IT) services industry in North
America, Europe, Asia, and Australia. Its service offerings
include outsourcing, systems integration, and I/T and management
consulting and other professional services, including e-business
We believe that the synergies from expanding its MSS to
include Horizon smoothens the governance, risk and compliance
(GRC) process for organisations. Considering the increased focus
on privacy and security, the introduction should contribute
generously to its revenue.
However, the company is facing stiff competition from the
BMC Software, Inc.
) as well as a challenging macroeconomic condition in Europe.
Delay in the government's order renewal process could also add to
Computer Sciences holds a Zacks Rank #2 (Buy).
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