Feeds

CSC confirms $1.5bn NHS IT write-off

Still in talks with gov ...

Security for virtualized datacentres

CSC has confirmed it is to write off almost $1.5bn as a result of its involvement in the National Programme for IT (NPfIT).

In December 2011 the company, which had been contracted to supply electronic patient records systems to a number of NHS trusts, warned shareholders it may lose an amount equal to, or in excess of, its $1.49bn investment in the NPfIT.

That write-off was listed in its third quarter results, published this week, which also recorded a $204m revenue reduction related to CSC's ongoing negotiations with the NHS.

The negotiations concern amendments to CSC's NPfIT contract, the results of which could see the scope of work the company carries out for the NHS reduced and the value of its contact lowered.

"We've been engaged in the discussions as you know for some time, but recently with the officials from the NHS as well as representatives from other relevant government departments, and I'd say these discussions have evolved into a potential go-forward framework that is currently in the government's review process," Mike Laphen, chief executive of CSC, told a conference call to discuss the company's third quarter results.

"We remain in discussions with UK government officials to reach a satisfactory way forward," he added.

This article was originally published at Guardian Government Computing.

Guardian Government Computing is a business division of Guardian Professional, and covers the latest news and analysis of public sector technology. For updates on public sector IT, join the Government Computing Network here.

Secure remote control for conventional and virtual desktops

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Special pleading against mass surveillance won't help anyone
Protecting journalists alone won't protect their sources
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Apple's iPhone 6 first-day sales are MEANINGLESS, mutters analyst
Big weekend queues only represent fruity firm's supply
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Bill Gates, drugs and the internet: Top 10 Larry Ellison quotes
'I certainly never expected to become rich ... this is surreal'
Big Content Australia just blew a big hole in its credibility
AHEDA's research on average content prices did not expose methodology, so appears less than rigourous
EMC, HP blockbuster 'merger' shocker comes a cropper
Stand down, FTC... you can put your feet up for a bit
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.