CSC Announces $110 Million in New and Expanded Major Business
Contracts in the UK
EL SEGUNDO, Calif., May 18 /PRNewswire-FirstCall/ -- Computer Sciences Corporation (NYSE: CSC) today announced new and extended contracts with Whitbread, Allders Department Stores, Homebase, Gallaher and a major company in the leisure industry in the United Kingdom. CSC estimates the value of these new agreements to be approximately $110 million (62.2 million pounds sterling).
CSC and Whitbread have signed a new seven-year enterprise resource planning (ERP) management contract. Under the agreement, CSC will support Whitbread's Oracle 11iERP suite of applications and replace the company's key legacy applications with Oracle 11i solutions. CSC also will provide infrastructure, help desk and Oracle application services to all organizations within the Whitbread group.
In addition, CSC and Whitbread have extended their current information technology (IT) outsourcing contract by two and a half years to 2010. The original outsourcing contract, valued at approximately $75 million over seven years, was awarded to CSC in 2000. Under that contract, CSC manages and provides 24-hour support for all of Whitbread's central information systems, including the company's data center services, e-mail, Internet and Intranet.
Allders Department Stores has extended and expanded its IT outsourcing contract with CSC an additional two years to 2009 following successful wide area network and local area network upgrade projects as well as voice over IP deployment in all stores and head office locations. Under the new agreement, CSC will provide infrastructure and applications support for additional equipment, including approximately 1,700 desktops, 1,500 electronic point of sale terminals and more than 100 servers. The contract follows an earlier five-year agreement valued at approximately $42 million awarded to CSC in 2002. Under the previous agreement, CSC manages Allders' applications portfolio and IT infrastructure, including servers, desktops, networks and peripherals, as well as IT initiatives such as upgrading the company's financial systems.
Do-it-yourself giant Homebase has extended its contract with CSC an additional year. The contract involves hosting the company's sales forecasting system and follows an earlier one-year contract awarded to CSC in 2003 for an undisclosed amount.
International tobacco company Gallaher has extended its IT services contract for an additional two years to 2008. Under the new agreement, CSC will continue to provide desktop services, data center services, infrastructure support, SAP and project services. CSC began working with Gallaher in 2001 under a five year contract valued at approximately $28.3 million.
In addition, CSC has signed a contract with a significant company in the leisure industry for an outsourced data center.
"It is very encouraging to see the continued confidence the retail and leisure industry has in outsourcing and the benefits it can bring," said Keith Wilman, president of CSC's UK operations. "Our ongoing and new work with these companies is testament to CSC's understanding of these sectors, and
ability to leverage our global strengths and IT services experience to deliver business and operational results."
In addition to these new agreements, CSC's recent business wins with the National Health Service, National Grid Transco and the Royal Mail Group highlight the company's balanced portfolio of clients across key industry sectors.
Founded in 1959, Computer Sciences Corporation is a leading global IT services company. CSC's mission is to provide customers in industry and government with solutions crafted to meet their specific challenges and enable them to profit from the advanced use of technology.
With approximately 90,000 employees, CSC provides innovative solutions for customers around the world by applying leading technologies and CSC's own advanced capabilities. These include systems design and integration; IT and business process outsourcing; applications software development; Web and application hosting; and management consulting. Headquartered in El Segundo, Calif., CSC reported revenue of $14.8 billion for the 12 months ended April 2, 2004. For more information, visit the company's Web site at www.csc.com.
SOURCE Computer Sciences Corporation
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/Web site: http://www.csc.com /
CO: Computer Sciences Corporation ST: California, England IN: CPR STW CSE ITE MLM REA TLS SU: CON -0- May/18/2004 19:30 GMT