CSRA's Q2 Earnings & Revenues Beat Estimates,'18 View Intact
Zacks Investment Research | Nov 07, 2017 08:19PM ET
CSRA Inc. (NYSE:CSRA) reported non-GAAP earnings of 46 cents per share in second-quarter fiscal 2018, surpassing the Zacks Consensus Estimate by a penny but down 9.8% on a year-over-year basis.
Revenues of $1.27 billion inched up 0.7% from the year-ago quarter and beat the Zacks Consensus Estimate. Segment-wise, Defense and Intelligence (43.8% of revenues) declined 3.1% to $557 million, while Civil (56.2% of revenues) increased 3.9% to $715 million.
CSRA is benefiting from its domain expertise and strong partnerships with the likes of Amazon (NASDAQ:AMZN) Web Services, ServiceNow Inc. (NYSE:NOW) , Microsoft Corporation (NASDAQ:MSFT) , Cisco Systems Inc. (NASDAQ:CSCO) , VMware Inc. and Oracle Corporation (NYSE:ORCL).
The company is partnering with emerging technology vendors like Perspica and ScienceLogic to predict system outages and suggest preventive maintenance for the company’s data centers. It has also collaborated with Pondera to capture diversified data sources to root out and prevent Medicare fraud.
During the quarter, CSRA successfully defended its largest contract worth $2.4 billion, for the next 10 years, from Department of Defense (DoD) Enterprise IT support.
CSRA Inc. Price, Consensus and EPS Surprise
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