CSC reports significant profit increase

August 11, 2013

Though revenue fell about 10 percent, Falls Church-based Computer Sciences Corp. reported a boost in profit in its most recent quarter.

The company said its profit for the three-month period ended June 28 hit $159 million, more than triple the $42 million the company saw in the same period a year earlier.

Mike Lawrie, CSC’s chief executive, told analysts that the company has made significant cost cuts to right itself.

For instance, Lawrie said, the company has gone from about 370 vice presidents a year and a half ago to 75 now. About two-thirds of those VPs are new, he added.

Still, he acknowledged that the company now must move from simply cutting to rebuilding.

CSC needs “to begin to show some growth as we exit the ‘get fit’ phase and move into the ‘win more’ phase,” he said. “Part of the agility that we’re trying to build into the company is to learn how to do multiple things at the same time.”

DynCorp to consolidate headquarters

Despite looking at other options, including Texas and Alabama, Falls Church-based government contractor DynCorp International confirmed last week that it will keep its headquarters here.

But the company won’t stay in Falls Church. DynCorp plans to consolidate four Northern Virginia offices into a new headquarters at 1700 Old Meadow Rd. in Tysons Corner, near the intersection of Route 123 and the Capital Beltway.

Steven F. Gaffney, DynCorp’s chief executive, said the contractor saw an advantage to staying in the D.C. area.

“All our peers are” here, he said. “Being part of the herd, being part of the Northern Virginia/D.C. area is important to us, and we’re closer to our customers.”

Still, he said about three dozen jobs now in Northern Virginia will likely move to Texas to consolidate some of the company’s back-office functions.

He said DynCorp plans to move into the entire Tysons Corner building and renovate it, including adding external company signage. The contractor expects to open the new headquarters by Jan. 1.

GAO rejects Pillar Systems protest

The Government Accountability Office denied a protest filed by Alexandria-based Pillar Systems against a U.S. Agency for International Development contract awarded to Fairfax-based Highlight Technologies for system support services at a USAID office.

Pillar, the contract’s incumbent, argued there was evidence that its former employees helped Highlight win the contract, creating a conflict of interest.

“The record here indicates that the agency performed a thorough investigation of Pillar’s allegations and reasonably concluded that no [organizational conflicts of interest] were apparent,” the GAO wrote.

GAO denies Vinculum protest

The GAO also denied a protest filed by Broomes Island, Md.-based Vinculum Solutions against the IRS’s cancellation of a solicitation for services for one of its program offices.

Vinculum argued that the IRS improperly canceled the effort so it could award a sole-source contract to McLean-based Booz Allen Hamilton .

According to the GAO report, the agency was told to cut costs and decided to bring the contract work in-house. In the meantime, it issued a four-month task order to Booz Allen to handle the services while the agency prepared.

“[T]he record indicates that budget constraints led the agency to determine that a different, less costly approach to providing the required ... support services was necessary,” the GAO found. “In this regard, a contracting agency has the right to cancel a solicitation when sufficient funds are not available.”

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