BEIJING, China, (July 20, 2004) – Computer Sciences Corporation (NYSE: CSC) today announced that a wholly owned subsidiary, CSC Technology (Beijing) Co., Ltd., has been set up in Beijing. The new office is located in Raycom InfoTech Park, where many other leading high technology firms are located. This new office as headquarters for CSC's Financial Services Group in Asia marks another milestone for CSC marketing its expansion into the China market.
China is one of the most dynamic market-growth countries in the world. The demand for advanced technologies to improve operations and business results is increasing quickly. As the leader in the information technology industry, CSC is able to help Chinese customers achieve strategic goals and profit from the use of information technology. With the broadest range of global capabilities and resources, and together with local delivery capability, CSC offers Chinese customers the best solutions and services they need to manage complexity, focus on core businesses, collaborate with partners and clients, and improve operations.
CSC Asia has over 5,000 staff across 15 countries and there are more than 300 staff in China. CSC staff in China are providing infrastructure support and systems integration service to CSC multinational and long-term customers in China. Infrastructure outsourcing and business process outsourcing are emerging trends in the market that can help customers to reduce operating costs and increase competitiveness. CSC will focus and develop the outsourcing market in China.
Financial Services is the largest commercial sector within CSC, with over 10,000 employees bringing unparalleled industry knowledge and experience to over 5,500 financial services organization in 50 countries, including two-thirds of the world’s top-50 insurers. CSC has eleven insurance customers in the China market and expects to match the growth of the insurance industry. CSC is the leading supplier of systems to the insurance industry, and CSC will continue to strengthen its leading position in China and bring value-based innovation to customers according to the Chinese financial market requirements
“We are committed to the China market and as a promise, we will provide first-class services and solutions to our customers here,” said Mr. Hilbert, Vice President of CSC Financial Services. “We have invested our great resources in intellectual property of software application development, staff training and market-proven methodologies and best practices in operations in order to enhance customer satisfaction, as well as to make a contribution in the China information technology arena and economic development.”
About CSCFounded in 1959, Computer Sciences Corporation is a leading global information technology (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.