Computer Sciences Corporation (NYSE:CSC), a global leader in next-generation IT services and solutions, has entered a new strategic agreement with SAS, Scandinavian Airline Systems to manage key parts of the airline’s IT infrastructure to help SAS transform to a next-generation IT environment.
The agreement between SAS and CSC extends until 2020 and covers several of the airline’s most critical environments, including Mainframe Services and Technical Operation Services, as well as Application Management, Network Management and Data Center Services. These services will be delivered from local Nordic resources and from CSC’s offshore locations.
SAS’s digital transformation journey has already been initiated by moving the airline out of a dedicated legacy data center into new, emerging data center services that will support SAS for future next-generation IT.
SAS is Scandinavia’s leading airline company. It flies 28 million passengers annually to 119 destinations in Europe, the U.S. and Asia. SAS lives by the promise of making travel easier and makes safety, punctuality and care its core values.
“We are thrilled and happy that SAS has chosen us as a partner again to manage key parts of their global IT-infrastructure. CSC aims to be at the forefront of IT and works to anticipate and exceed the needs of our clients,” said Joergen Jakobsen, vice president & general manager, CSC Nordic & Baltic Region.
“SAS has since 2004 been a key client to CSC. The fact that SAS continuously is choosing CSC as a partner is a validation of our investment in the relationship, and depicts we deliver services that meet the need of our clients” says Pål Svendsen, Industry General Manager, CSC Nordic & Baltic Region. (Original Source)
Shares of Computer Sciences closed yesterday at $34.01, down $0.38 or -1.10%. CSC has a 1-year high of $71.15 and a 1-year low of $24.27. The stock’s 50-day moving average is $33.46 and its 200-day moving average is $34.88.
On the ratings front, CSC has been the subject of a number of recent research reports. In a report issued on April 13, Wells Fargo analyst Edward Caso reiterated a Hold rating on CSC. Separately, on March 9, Goldman Sachs’ James Schneider assigned a Hold rating to the stock and has a price target of $35.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Edward Caso and James Schneider have a total average return of 0.7% and 11% respectively. Caso has a success rate of 70.0% and is ranked #2112 out of 3833 analysts, while Schneider has a success rate of 60% and is ranked #428.