CSC NAMED INSURANCE TECHNOLOGY MARKET LEADER BY DATAMONITOR

Nyhedsartikel -- Januar 24, 2005

EL SEGUNDO, Calif., Jan. 24 – Computer Sciences Corporation (NYSE: CSC) announced today that industry analyst firm Datamonitor has named CSC a leader in global insurance technology in two recent reports.

One report, “Insurance Technology Vendor Market Shares in Europe and North America,” highlights CSC's position as the top non-hardware vendor in terms of overall insurance technology market share, and as the application software market leader with a 15 percent market share.

The report, which is based on interviews regarding current and future investments with more than 200 senior information technology (IT) decision-makers in Europe and the United States, claims that CSC’s strength lies in its infrastructure services and credentials in business process outsourcing in the insurance sector.

Datamonitor also states that moderate growth in IT spending in the insurance sector will reverse, and that by 2006 the sector will experience the fastest growth in the financial services technology market.

Another recent Datamonitor report, “Policy Administration Systems in Global Life Insurance,” names CSC as the “best-established vendor” in this field and highlights the organization’s “deep domain and process expertise” and “broad spread of major global references” as key determinants of this position.

The report says that policy administration systems are set to become the most important area of technology investment for life insurers. With the current pressures on profit margins, Datamonitor explains that it is difficult to make the case for technology replacement; insurers are focusing on architecture standardization and incremental replacement.

“It is not surprising that CSC is rated so well in both of these reports,” commented William Conner, lead analyst for Datamonitor's financial services technology. “We believe there are three key factors that determine success in the technology implementation field – domain expertise, process coverage and business issue awareness – and CSC has demonstrable ability in all of these areas. Its approach to business process management is also going to be key to helping it maintain its presence and depth in these markets.”

“It’s gratifying that Datamonitor’s interviews with insurance executives and other research and analysis have confirmed CSC’s leading role in the global insurance sector,” said Jim Cook, president of CSC's Financial Services Group. “We continually work to apply CSC’s deep industry knowledge and experience to increase the business value delivered to our clients.”

About Datamonitor

Datamonitor plc is a premium business information company specialising in industry analysis. We help our clients, 5000 of the world's leading companies, to address complex strategic issues. Through our proprietary databases and wealth of expertise, we provide clients with unbiased expert analysis and in-depth forecasts for seven industry sectors: Automotive, Consumer Markets, Energy, Financial Services, Pharmaceuticals and Healthcare, Technology, Transport and Logistics.

For a copy of the referenced reports, contact Simon Brown at Datamonitor on +44 (0)207 6757 392 or by email at sbrown@datamonitor.com.

About CSC

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 91,000 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 $15.3 billion for the 12 months ended Oct. 1, 2004. For more information, visit the company's Web site at www.csc.com.