<div id="subtitle">Computer Sciences posts decline in fiscal 2nd-quarter profit, tops Wall Street's forecast</div><div><p>Information technology services provider Computer Sciences Corp. said Wednesday its fiscal second quarter profit fell more than 50 percent from last year when it reaped a large tax benefit, but still beat Wall Street's forecast by 5 cents.</p><p>For the three months ended Oct. 3, the company earned $221 million, or $1.40 per share, versus $453 million, or $2.95 per share, in the prior-year period. Last year's results included a tax benefit of $267 million, or $2.27 a share.</p><p>Revenue fell nearly 5 percent to $4.04 billion from $4.24 billion a year earlier.</p><p>Analysts, on average, were expecting a profit of $1.35 per share with revenue of $4.01 billion.</p><p>Looking ahead, CSC backed its fiscal 2010 earnings guidance range of $4.80 and $5 per share with revenue between $16 billion and $16.5 billion. Analysts are looking for a profit of $4.94 per share for the full year with revenue of $16.28 billion.</p><p>During the quarter, CSC received a total of $4.58 billion in new business awards. The company expects to generate up to $18 billion in new business for the fiscal year.</p><p>In after-hours trading, shares fell $1.54 to $53.76, after adding 80 cents to close at $54.60 in the regular session.</p><img src="http://admatch-syndication.mochila.com/images/ad.gif?aid=63150223&bid=informcom" /></div><div id="copyright"><div>

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