Jun. 4, 2015, 6:41 PM
- Reuters reports government IT contractors CACI, Booz Allen (NYSE:BAH), and Leidos (NYSE:LDOS) have "held exploratory discussions" about buying Computer Sciences' (NYSE:CSC) U.S. public sector IT services unit, which is set to be split off from its commercial IT services unit.
- The news service cautions discussions are in their early stages. Bloomberg reported earlier this afternoon HP was close to a deal to buy CSC last month before walking away.
- CSC's public sector unit had FY15 (ended April 3) revenue of $4.06B (-1% Y/Y), and op. income of $591M.
- CSC +0.4% AH to $68.00.
Jul. 30, 2013, 6:01 PM
- The news service adds it's unclear if Booz & Co. has other suitors.
- Booz posted 2011 revenue of more than $1.3B.
- The report comes after Accenture posted a May quarter revenue miss caused by a 2% Y/Y consulting revenue drop.
- Accenture (ACN) -0.3% AH. Booz Allen Hamilton (BAH - a separate company from Booz & Co.) +8.7%.
- Update: It looks like the spike in Booz Allen Hamilton shares came from traders who misread headlines. Shares finished AH trading +0.3%.
Booz Allen Hamilton Holding Corp. is engages in the provision of management and technology consulting services. It also develops the scope and scale of its capabilities in engineering services. Its services include cyber solutions, enterprise effectiveness and efficiency, re-imagining... More
Industry: Management Services
Country: United States