Computer Sciences Corporation CSC
Q1 2012 Earnings Call Transcript
Operator: Ladies and gentlemen good day and welcome to the CSC Fiscal Year 2012 First Quarter Earnings Conference Call. Please note today's conference is being recorded.
For opening remarks and introductions, I'd like to turn the call over to Mr. Bryan Brady, Vice President of Investor Relations. Please go ahead, sir.
Bryan Brady - VP, IR: Thank you, operator. Good morning, ladies and gentlemen, and welcome to CSC's earnings call for the first quarter of our fiscal year 2012. We issued our financial results earlier this morning, so hopefully you’ve had a good opportunity to review them.
With me today are Mike Laphen, our Chairman and Chief Executive Officer; and Mike Mancuso, our Chief Financial Officer. As usual, this call is being webcast at csc.com and we've also posted slides to our website to accompany our discussion.
So moving to Slide 2, you'll see a reminder that statements made during this call that are not historical facts may be considered forward-looking statements under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to known and unknown risks and uncertainties, which could cause actual results to differ materially. Additional information concerning these risks and uncertainties is contained in the Company's filings with the SEC. Copies of these filings are available from the SEC, from our website, and from our Investor Relations department.
On Slide 3, you’ll see our acknowledgement that CSC's presentation includes certain non-GAAP financial measures. In accordance with SEC rules, a reconciliation of these metrics to GAAP metrics is included in the tables of the earnings release and in the appendix to our slides. Both documents are available for your review at the Investor Relations' section of the CSC website.
Finally, I'd like to remind our listeners that CSC assumes no obligation to update the information presented on this conference call, except of course as required by law.
Now, if you'll kindly move to Slide number 4, I'm pleased to turn the call over to Mike Laphen.
Michael W. Laphen - Chairman, President and CEO: Thank you, Bryan. Good morning, ladies and gentlemen, and thank you for joining us today. In addition to covering our financial performance for the first quarter of our fiscal year 2012, I will provide some further insight into our recently announced acquisition of iSOFT, and update on the status of our NHS Program, and our new business bookings.
At the end of July, we successfully completed our acquisition of iSOFT Group Limited. These strategic acquisitions brings to CSC approximately 3,000 healthcare IT skilled employees, including those from major research and development centers in India, Spain, the U.K., Australia, New Zealand and Central Europe. We also gained roughly 200 qualified healthcare administrators and some 100 clinical practitioners, as well as 100 premium healthcare software products to add to CSC’s portfolio.
These assets in combination with CSC’s existing healthcare capabilities, intellectual property and client base, create a vertical business unit that operates at all levels of the healthcare value chain. This includes individual patient care, to national government settings across both payers and providers, with offerings spanning from consultancy engagements to solution design, delivery, and technology and business process outsourcing.
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