public traded as nyse csc s & p 500 component industry it services it consulting founded april 1959 founder roy nutt fletcher r. jones headquarters tysons corner virginia united states area served worldwide key people john michael lawrie president and ceo 1 services it business consulting and outsourcing services revenue us 8.1 billion 2015 2 operating income us 128 million 2015 2 net income us 8 million 2015 2 total assets us 10.20 billion 2015 2 total equity us 2.92 billion 2015 2 number of employees 56 000 2016 subsidiaries csc india computer sciences raytheon xchanging website www.csc.com csc s branch office in el segundo california usa computer sciences corporation csc is an american multinational corporation that provides information technology it services and professional services . 2 its headquarters are located in falls church virginia . csc has 56 000 employees in over 60 countries . 3 its clients include commercial enterprises and the u.s. federal government as well as state local and non u.s. government agencies . 4 in september 2009 when xerox acquired affiliated computer services 5 csc became the only remaining major hardware vendor independent it service provider with headquarters and major operations in the u.s. 6 csc has been a fortune 500 company since 1995 ranked 185 in the 2014 rankings . 7 the company also figures in the forbes global 2000 list . 8 on may 24 2016 csc announced that it will merge with hewlett packard enterprise s enterprise services division to create a new pure play it services company . 9 contents 1 history 2 business 3 awards recognition 4 criticism 5 see also 6 references 7 external links history edit csc was founded in april 1959 in los angeles california by roy nutt and fletcher jones . 10 csc initially provided programming tools such as compiler and assembling software . 11 in the 1960s csc provided software writing services to major computer manufacturers like ibm and honeywell and secured their first contracts for the u.s. public sector with nasa among others . 11 by 1963 csc became the largest software company in the united states and the first software company to be listed on the american stock exchange . 12 by the end of 1968 csc was listed on the new york stock exchange and had operations in canada india the united kingdom germany spain italy brazil and the netherlands . in the 1970s and 1980s csc expanded globally winning large contracts for the finance and defense industries and through acquisitions in europe and australia . since its beginnings in 1959 company headquarters had been in california . on march 29 2008 the corporate headquarters of the company were relocated from el segundo california to annandale virginia . 13 14 csc has been a fortune 500 company since 1995 15 coming in at 162 in the 2012 rankings . 16 in may 2015 csc announced plans to split the public sector business from its commercial and international business . 17 in august it was announced that csc s government service business would merge with sra international to form a new company csra at the end of november 2015 . 18 in july 2015 csc and hcl technologies announced the signing of a joint venture agreement to form a banking software and services company celeriti fintech . 19 20 in september 2015 csc closed the acquisition of fixnetix a provider of front office managed trading solutions in capital markets . 21 csc also acquired fruition partners a provider of technology enabled solutions for the service management sector during the month . 22 in november 2015 csc agreed to acquire the shares of uxc an it services company based in australia in a deal valued at aud427 .6 million us 309 million . 23 in december 2015 business technology and services provider xchanging agreed to be purchased by csc . 24 in february 2016 csc announced it was moving its headquarters to tysons fairfax county s central business district just a few miles from annandale . 25 business edit csc employs about 56 000 employees as of february 2016 in 60 countries and ranks among the leading it service providers in the world . 26 27 28 geographically csc has major operations throughout north america europe asia and australia . 4 the company operates in three broad service lines or sectors 4 north american public sector nps since 1961 csc has been one of the major it service providers for the u.s. federal government . csc provides services to the united states department of defense 29 law enforcement and intelligence agencies fbi 30 cia homeland security 29 aeronatics and aerospace agencies nasa . in 2012 u.s. federal contracts accounted for 36 % of csc total revenue . 31 managed services business solutions and services the company has made several acquisitions including dyncorp in 2003 32 33 and covansys corporation in 2007 . 34 awards recognition edit in september 2012 csc was ranked 8th in software magazine s software 500 ranking of the world s largest software and service providers . 35 criticism edit in june 2013 margaret hodge chair of the public accounts committee a select committee of the british house of commons described csc as a rotten company providing a hopeless system with reference to their multibillion pound contract to deliver the national programme for it lorenzo contract . 36 in december 2011 the non partisan organization public campaign criticized csc for spending 4.39 million on lobbying and not paying any taxes during 2008 10 instead getting 305 million in tax rebates despite making a profit of 1.67 billion . 37 in february 2011 the u.s. securities and exchange commission sec launched a fraud investigation into csc s accounting practices in denmark and australian business . csc s cfo mike mancuso confirmed that accounting errors and intentional misconduct by certain personnel in australia prompted sec regulators to turn their gaze to australia . mancuso also stated that the alleged misconduct includes 19 million in both intentional accounting irregularities and unintentional accounting errors . 38 the company has been accused of breaching human rights by arranging several illegal rendition flights for the cia between 2003 and 2006 which also has led to criticism of shareholders of the company including the governments of norway and britain . 39 40 the company has engaged in a number of activities that have resulted in legal action against it . these are millions of visas allowing foreigners to enter britain are being issued by csc rather than by british diplomats . 41 csc was one of the contractors hired by the internal revenue service to modernize its tax filing system . they told the irs it would meet a january 2006 deadline but failed to do so leaving the irs with no system capable of detecting fraud . its failure to meet the delivery deadline for developing an automated refund fraud detection system cost the irs between 200 million and 300 million . 42 see also edit vp ms visual product modeling system a modeling language and product lifecycle management tool by csc team csc professional cycling team 2001 08 top 100 us federal contractors csra inc. formed by a merger of csc s north american public sector and sra international references edit management and board of directors . computer sciences corporation . retrieved 2 july 2015 . a b c d e f csc company profile . company . company profile . computer sciences corporation . retrieved 2016 02 25 . a b c computer sciences corporation form 10 k annual report filing date may 15 2013 . businessweek.com . retrieved dec 27 2013 . affiliated computer services form 8 k current report filing date sep 29 2009 pdf . secdatabase.com . retrieved mar 29 2013 . xerox in 6.4 billion acs buy xerox will pay cash and stock to acquire it and business process outsourcer affiliated computer services . information week . september 28 2009 . retrieved june 1 2010 . fortune 500 . fortune . retrieved 2 july 2015 . the world s biggest public companies . forbes . retrieved 2 july 2015 . csc announces merger with enterprise services segment of hewlett packard enterprise to create global it services leader . businesswire . retrieved 24 may 2016 . our history . csc web site . retrieved june 1 2010 . a b csc history . fundinguniverse.com . history in the computing curriculum pdf . retrieved november 21 2014 . computer sciences corporation form 10 q quarterly report filing date feb 6 2008 . secdatabase.com . retrieved mar 29 2013 . computer sciences corporation form 8 k current report filing date mar 31 2008 . secdatabase.com . retrieved mar 29 2013 . fortune 500 companies by year c . cnn . retrieved march 28 2011 . fortune 500 fortune . fortune . retrieved 2 july 2015 . exclusive computer sciences prepares to break itself up sources . reuters . 14 may 2015 . retrieved 21 may 2015 . csc to combine government services unit with sra upon separation from csc ; combination will create leading pure play government i.t. business in the u.s. . csc . retrieved october 2 2015 . csc and hcl form joint venture to deliver digital software and services to global banking clients . businesswire . retrieved 23 july 2015 . celeritifintech . hcltech . computer sciences csc completes fixnetix acquisition . nasdaq.com . retrieved 2016 02 25 . csc finalizes fruition partners acquisition . computer sciences corporation . retrieved 2016 02 25 . csc confirms agreement to acquire australia s uxc limited . computer sciences corporation . retrieved 2016 02 25 . computer sciences corporation to buy xchanging in 480m deal . www.cityam.com . retrieved 2015 12 09 . csc moving headquarters to tysons corner . wtop . retrieved 2016 02 25 . software company url http www.niveosys.com magic quadrant for end user outsourcing services north america 26 august 2014 publisher gartner inc. the top companies in the it services industry 2009 . retrieved november 25 2014 . top 10 it service providing companies . siliconindia.com . retrieved november 25 2014 . a b supplier profile csc . computer weekly . csc wins 59 million task order from fbi to provide call center . bloomberg . computer weekly supplier profile csc pdf . csc s outsourcing journey has brought it full circle . p. 3 . computer sciences corporation form 8 k current report filing date dec 13 2002 . secdatabase.com . retrieved mar 29 2013 . computer sciences corporation completes acquisition of dyncorp csc completes acquisition of covansys csc named to software magazine s 30th annual software 500 . computer sciences corporation . retrieved 2 july 2015 . brewster tom nhs to spend 2.2 bn on rotten csc npfit work techweekeurope portero ashley . 30 major u.s. corporations paid more to lobby congress than income taxes 2008 2010 . international business times . archived from the original on 26 december 2011 . retrieved 26 december 2011 . nebojsa despotovic 13 november 2011 . csc accounting fraud extends to australia bizcloud network . bizcloud network . retrieved 2 july 2015 . computer sciences corporation torture link challenges norway s ethical reputation rupert neate . lloyds owns stake in us firm accused over cia torture flights . the guardian . retrieved 2 july 2015 . revealed us firm issues british visas ... and mps were not told . mail online . retrieved 2 july 2015 . obamacare contractors plagued by previous failures fines fraud . newsmax . retrieved 2 july 2015 . external links edit official website computer sciences corporation sec filings v t e computer sciences corporation people fletcher jones roy nutt subsidiaries computer sciences raytheon csc india dyncorp products vp ms related articles team csc v t e consulting firms management consulting mckinsey & company bain & company boston consulting group accenture booz allen hamilton a.t. kearney bearingpoint l.e.k. consulting marsh & mclennan companies oliver wyman roland berger company