CSC, a company that was started with "a hundred dollars and a dream" in 1959, has grown to become a major provider of IT services such as systems integration, outsourcing, Web and application hosting.

CSC (Computer Sciences Corporation), one of the world's leading IT services companies, was started with "a hundred dollars and a dream" in 1959.

The company is headquartered in Falls Church, Virginia, in the United States. Its business domains are in consulting; systems integration and outsourcing that includes systems design and integration; IT and business process outsourcing; applications software development; Web and application hosting; and management consulting.

In May, CSC agreed to a US$1.37 million settlement with the U.S. Justice Department to resolve kickback allegations filed by whistleblowers. In 2004, the company was accused of taking pay-outs from tech vendors in violation of government contract rules.

The IT services provider reported that second quarter revenues increased by 5.5 percent to US$4.24 billion from $4.02 billion a year earlier, while net income in the quarter rose to US$451.7 million compared to net income of US$75.8 million in the previous year.