CSC Wins $236 Million IT Infrastructure Services Contract With Renault
Relationship With Renault Will Help CSC Grow in French Outsourcing Market
EL SEGUNDO, Calif., March 11 -- Computer Sciences Corporation announced today that it has signed an information technology (IT) infrastructure services contract with Renault, the leading car manufacturer headquartered in Paris, France. The contract is valued at $236 million (175 million Euros) over 5 years.
Under the terms of the agreement, CSC will provide infrastructure management services, including network, midrange and mainframe support to Renault sites in France and Spain.
"Renault's selection of CSC for one of the largest infrastructure services contracts signed in France builds upon CSC's existing outsourcing presence in the region," said CSC Chairman and Chief Executive Officer Van B. Honeycutt. "This relationship with Renault underscores CSC's experience and ability to achieve significant business results for our clients. We look forward to working collaboratively with Renault to help improve their operational and business performance."
About Renault
Renault is an international automaker that has acquired a global reach through its Alliance with Nissan and acquisitions of Romanian car manufacturer, Dacia, and South Korea's Samsung Motors. Renault pursues a strategy of profitable and responsible growth with its innovative, quality range of vehicles and services. For nearly 50 years, Renault has made safety a pillar of its strategy. Today it boasts the safest line-up in Europe -- it has seven cars with five stars in Euro NCAP crash tests. Worldwide, Renault employs 132,000 people. It sold 2,490,000 vehicles in 2004, recording revenues of 40.7 billion Euros and a net income of 3.5 billion Euros.
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 79,000 employees supporting continuing operations, 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 $13.9 billion from continuing operations for the 12 months ended Dec. 31, 2004. For more information, visit the company's Web site at www.csc.com.