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December 20, 2006

CSC wins $321m in European deals

Computer Sciences Corp has announced it has signed six mid-sized contracts in Europe potentially worth a combined $321m. The deals come as CSC has made major job cuts in Europe and reported a slowdown in demand in the region.

By CBR Staff Writer

The deals include outsourcing and systems integration contracts and range from two to seven years in length, according to a CSC release. The clients are in the UK, France, and Scandinavia.

These signings underscore CSC’s ability to not only win mega deals such as the recent $3.73 billion contract with the UK’s National Health Service, but also to pursue and win mid-sized deals across Europe, said Guy Hains, president of CSC’s European group.

Last month CSC reported weak demand for consulting and systems integration in both Europe and the US for the quarter ended September 29. The company also said there were cancellations or reductions in its outsourcing deals in both regions.

In August the company announced that it would slash 5,000 jobs, 2,650 of which would come from Europe. CSC said it would cut nearly all these jobs in the current fiscal year that ends in March 2007.

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