The VAR Guy

Goldman Sachs is telling investors to dump their stock in Computer Sciences Corp. (CSC) and Sapient, according to Barron’s. The reason: Both consulting firms rely far too heavily on financial services customers, which are too beat up to spend much on IT this year. Roughly 17% of CSC’s revenue and 28% of Sapient’s revenue come from financial services firms. As a result, Goldman has a “sell” rating on both CSC and Sapient.

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