February 10, 2010 / 2:10 PM / 9 years ago

UPDATE 1-Computer Sciences profit beats estimates

* Q3 EPS $1.36 vs est. $1.23

* Q3 rev slightly misses estimates

* Reaffirms outlook for FY 2010

Feb 10 (Reuters) - U.S. technology services provider Computer Sciences Corp CSC.N reported a quarterly profit ahead of analysts’ projections as it benefited from demand in outsourcing amid signs that technology spending was rebounding with the improving economy.

The company, which provides technology and outsourcing services to companies and government agencies, reaffirmed its outlook for fiscal year 2010.

Net income for the third quarter ended Jan. 1 rose to $216 million, or $1.36 a share, from $163 million, or $1.06 a share, a year earlier. Revenue was flat at $3.95 billion.

Analysts expected earnings of $1.23 a share, excluding exceptional items, on revenue of $4.03 billion, according to Thomson Reuters I/B/E/S.

Shares of Computer Sciences closed at $52.50 Tuesday on New York Stock Exchange. The stock has shed 9 percent since the start of the year.

The company offers services in industries such as financial services, manufacturing, technology and consumer.

The results follow strong quarterly performances from IT services firms such as IBM (IBM.N), Infosys (INFY.BO)INFY.O and Cognizant (CTSH.O). (Reporting by S. John Tilak in Bangalore; Editing by Anil D’Silva)

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