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Profile - Covansys Corporation (NasdaqNM:CVNS)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | Research | SEC | Msgs | Insider | Options
Recent Events
Aug  1Conference call: Covansys Quarterly
Location
32605 West Twelve Mile Road, Suite 250
Farmington Hills, MI 48334
Phone: (248) 488-2088
Fax: (248) 488-2089
Email: investrel@covansys.com
Employees (last reported count): 5,157
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Historical Quote Data
 ·Free Annual Report
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Technology
 ·Industry: Software & Programming
Company Websites
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Ownership
·Insider and 5%+ Owners: 52%
·Institutional: 52% (108% of float)
(133 institutions)
·Net Inst. Buying: 511.0K shares (+3.35%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Covansys Corporation is a global information technology services company that brings a competitive advantage to its clients by delivering results-oriented information management solutions with a scalable delivery model. The Company offers clients a focused range of IT services specializing in Web-to-Enterprise Integration (WEI), industry-specific solutions and strategic outsourcing. The Company's range of experience runs from advising clients on IT business strategy and strategic technology plans to developing and implementing appropriate IT applications solutions.
More from Market Guide: Expanded Business Description

Financial Summary
Covansys is a provider of information technology services to large and mid-size organizations, offering a broad range of IT services, from advising and strategic plans to developing and implementing IT solutions. For the six months ended 6/01, revenues rose 1% to $209.1 million. Net loss applicable to Com. from continuing operations fell 24% to $15.3 million. Results reflect an increase in domestic average billing rates and the absence of a $23.7 million preferred stock conversion charge.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY2000 Pay

Rajendra Vattikuti, 51
Co-Chairman
$504K
Michael Bealmear, 53
Pres, CEO, Director
496K
Timothy Manney
CFO, Chief Accounting Officer, Exec. VP, Strategic Planning and
454K
Tim Wolfe
Exec. VP
--  
Pat Meneely
VP of HR
--  
Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc..
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NasdaqNM:CVNSAs of 31-Aug-2001
Price and Volume
52-Week Low
on 13-Oct-2000
$6.25 
Recent Price$12.85 
52-Week High
on 1-Sep-2000
$13.875
Beta2.19 
Daily Volume (3-month avg)60.4K
Daily Volume (10-day avg)38.0K
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y]
52-Week Change-4.8%
52-Week Change
relative to S&P500
+27.7%
Share-Related Items
Market Capitalization$367.4M
Shares Outstanding28.6M
Float13.7M
Dividends & Splits
Annual Dividendnone 
Last Split: 2 for 1 on 20-Mar-1998
Per-Share Data
Book Value (mrq)$3.17 
Earnings (ttm)-$1.87 
Earnings (mrq)-$0.43 
Sales (ttm)$13.72 
Cash (mrq)$3.62 
Valuation Ratios
Price/Book (mrq)4.05 
Price/EarningsN/A 
Price/Sales (ttm)0.94 
Income Statements
Sales (ttm)$421.2M
EBITDA (ttm)-$76.1M
Income available to common (ttm)-$57.7M
Profitability
Profit Margin (ttm)-12.7%
Operating Margin (ttm)-18.8%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)-16.34%
Return on Equity (ttm)-41.56%
Financial Strength
Current Ratio (mrq)4.81 
Debt/Equity (mrq)0 
Total Cash (mrq)$103.3M
Short Interest
As of 8-Aug-2001
Shares Short128.0K
Percent of Float0.9%
Shares Short
(Prior Month)
207.0K
Short Ratio1.16 
Daily Volume110.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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