CSC to split in two, spin off US public sector work
IT services vendor Computer Sciences Corp. plans to separate its $4.1 billion U.S. public sector business to form a new company, it said Tuesday.The move is the latest step in a restructuring that began three years ago and will see CSC’s mission divided between U.S. government clients and all others.The U.S. public sector business, expected to be operational by October, will target federal, state and defense customers and employ 14,000 people. That business generated $4.1 billion in revenue last year.CSC’s remaining 51,000 employees will focus on commercial customers, and public sector organizations outside the U.S. That business recorded revenue of $8.1 billion last year.To read this article in full or to leave a comment, please click here