Thu, Jun. 4, 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 provides management consulting, technology & engineering services to the U.S. government in the defense, intelligence & civil markets, corporations, institutions, not-for-profit organizations & international clients.
Other News & PR