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CSC To Acquire Tech-Outsourcing Company Image Solutions

DOW JONES NEWSWIRES CSC (CSC) will acquire privately held information-technology outsourcing company Image Solutions Inc., a deal expected to expand CSC's reach in the life-sciences sector. Image Solutions founder and Chief Executive Jinsoo Kim said, "The combination of these companies will establish CSC as a strong player in health-care IT." CSC, which provides IT services from consumer-credit information to online-data security, has benefited lately from increased outsourcing. Buying Image Solutions will help it grow in the health-care business, since the U.S. government is pushing for increased digitization of records and payers are looking to cut health-care costs. CSC last month reported its fiscal second-quarter earnings fell 15% on weaker revenue and margins along with sharply higher taxes. However, it raised its full-year guidance. Shares closed Friday at $47.10 and were inactive premarket. The stock is down 18% this year. -By Tess Stynes, Dow Jones Newswires; 212-416-2481; Tess.Stynes@dowjones.com

Stock News for Computer Sciences (CSC)
DateTimeHeadline
05/25/201619:39:00HP Inc. Revenue Declines; Full-Year Guidance Cut--Update
05/25/201618:16:00CSC annonce sa fusion avec la division des services aux entreprises...
05/25/201617:32:17Filing of Certain Prospectuses and Communications in Connection...
05/25/201617:29:13Filing of Certain Prospectuses and Communications in Connection...
05/25/201617:21:00Current Report Filing (8-k)
05/25/201616:40:00HP Inc. Revenue Declines; Full-Year Guidance Cut
05/25/201616:38:00HP Inc. Revenue Declines; Full-Year Guidance Cut
05/25/201607:39:00CSC meldet Fusion mit Enterprise Services-Sparte von Hewlett...
05/25/201606:01:30Filing of Certain Prospectuses and Communications in Connection...
05/25/201606:00:00GCS e-Santé Bourgogne Selects CSC to Implement eTICSS Program
05/24/201617:13:59Current Report Filing (8-k)
05/24/201617:09:00CSC Delivers Solid Results in Fourth Quarter and Fiscal Year...
05/24/201617:00:00HP Enterprise to Spin Off, Merge Services Business
05/24/201616:28:00CSC Fourth Quarter 2016 Results Analyst Call Rescheduled for...
05/24/201616:05:00CSC Announces Merger with Enterprise Services Segment of Hewlett...
05/23/201608:00:00CSC Announces Aspediens Acquisition, Adding European Leader to...
05/18/201616:41:14Statement of Changes in Beneficial Ownership (4)
05/18/201616:37:18Statement of Changes in Beneficial Ownership (4)
05/18/201616:34:16Statement of Changes in Beneficial Ownership (4)
05/18/201616:24:44Statement of Changes in Beneficial Ownership (4)

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