Computer Data Systems Inc.

From the April 28, 1997 Washington Post

	'96 (in $ 000s)	% Change From '95
Revenue	251,099	13.8
Net Income	9,769	21.3
Rank Last Year: 45

Description:
Computer Data Systems is an information technology company that supplies software and other computer services largely to federal government agencies. CDSI specializes in providing financial accounting services to federal agencies. The company also manages part of the federal government's student loan program.

Business Resume: Contact Info -- One Curie Ct. Rockville, Md. 20850 301-921-7000 Main Business -- Computer services Founded -- 1968 Chairperson -- Clifford M. Kendall President -- Peter A. Bracken (CEO) Employees -- 3,200 D.C.-Area Employees -- 1,500

Developments:
CDSI had a strong 1996. In the second half of the calendar year, the company's earnings rose 22 percent, to $5.33 million. Sales increased 20 percent, to $145 million. In June, after he had been on the job a month, Peter A. Bracken, the company's new chief executive, decided to split CDSI into two divisions. One of the two new business groups combines CDSI's technology services and systems engineering units, and is focusing on getting contracts from federal agencies that want to hire outside contractors for certain data-processing functions.

The other divisions handle a CDSI contract to manage part of the federal student loan program and CDSI's financial accounting services for government agencies. Both divisions are separate companies within CDSI, each headed by a president.

In November CDSI and a Florida firm called InTuition formed a company to merge their student loan operations in an effort to lower costs to financially pressured student aid programs by standardizing computer technology used in them. The new company, called GuaranTec LLP, is based in Jacksonville, Fla. In March the company said it would establish a subsidiary dedicated to providing information technology services to private companies. Bracken said the unit will focus on running computer systems for mid-sized companies, a market CDSI estimates at about $8 billion a year. The subsidiary will be headed by Robert L. Vaschi, who led a Lockheed Martin Corp. division that focused on the commercial information technology market.