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1Q13 First Take; Better than Expected | Market Analysis

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Our Thoughts: CSC reported results above expectations highlighted by improved margins. Management did not provide official FY13 guidance. In order to develop a creditable investment thesis, investors will need further color on the prospects for the company going forward. We look to the earnings call to provide that color. Other areas of interest: NPS outlook, progress on the turnaround, organic growth, and pipeline conversion rates. We maintain our NEUTRAL.

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Joseph D. Foresi
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