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Computer Services says more buybacks a possibility due to US tax reform savings

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Computer Services says more buybacks a possibility due to US tax reform savings

As a result of the U.S. tax reform, Computer Services Inc. plans to ramp up investments in infrastructure and facilities during its 2019 fiscal year that just got underway.

The company may pursue stock repurchases. The capital expenditures and stock repurchases are expected to be funded by Computer Services' cash flow and tax savings.

The company will also give nonexecutive full-time employees with the company for more than a year a one-time cash bonus of $1,300 in March, while part-time and other employees with Computer Services for less than 12 months will receive a one-time cash bonus of $650 in March.

All eligible employees will receive an additional one-time contribution to their retirement plan, the company stated.