CSC!Delivers!Earnings!Growth,!Margin!Expansion!and!Improved!Cash!Flow!Performance!in!First!Quarter! 2016!!

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1 CSCDeliversEarningsGrowth,MarginExpansionandImprovedCashFlowPerformanceinFirstQuarter 2016 DilutedEarningsperSharefromContinuingOperationsof$1.14 Non<GAAPDilutedEarningsperSharefromContinuingOperationsof$1.11,up8%YoY IncomefromContinuingOperationsBeforeTaxesof$228Million OperatingIncomeof$298MillionandOperatingIncomeMarginof10.8%,up140basispointsYoY NetCashProvidedbyOperatingActivitiesof$324Million,up19%YoY FreeCashFlowof$120Million,up$50MillionYoY Returned$150MilliontoShareholdersinFirstQuarter FY16Non<GAAPEPSfromContinuingOperationsTargetRemains$4.75to$5.05 FALLSCHURCH,Va.,Aug.11,2015 CSC(NYSE:CSC)todayreportedresultsforthefirstquarteroffiscalyear FirstBquarterresultswereconsistentwithourexpectationsforthestartoffiscal2016,"saidMikeLawrie,president andceo. ProfitabilityimprovedyearBoverByearinourcommercialbusinessandremainedstronginourpublic sectorbusiness,andwealsodeliveredstrongcashflow.wefiledourform10andcontinuetotargetoctoberfor thecompletionofourseparationintotwopubliclytraded,purebplaycompanies.finally,ournewcorebbankingb softwarejointventurewithhclandourintentiontoacquirefixnetixandfruitionpartnersareprimeexamplesof howweareinvestingtoshapecsc spostbseparationcommercialbusiness,bestserveourglobalclients,and capitalizeongrowthopportunitiesinthemarketplace. FinancialHighlights Dilutedearningspersharefromcontinuingoperationswere$1.14inthefirstquarter,up11percentfrom$1.03 intheyearbagoperiod.dilutedearningspersharefromcontinuingoperationsincludedtheimpactofcertain nonbrecurringitems,including($0.09)pershareinseparationcosts,$0.10persharefromagainonadivested business,and$0.01pershareinsecsettlementbrelateditems.nonbgaapdilutedearningspersharefrom continuingoperationsexcludetheseitemsandwere$1.11,up8percentwhencomparedwith$1.03inthefirst quarteroffiscal2015. Incomefromcontinuingoperationsbeforetaxeswas$228million,up7percentfromtheyearBagoperiod. Operatingincomeof$298millioncompareswith$304millionintheprioryear.Operatingmarginof10.8 percentforthequarterincreasedfrom9.4percentintheprioryear. Incomefromcontinuingoperationswas$164millionforthefirstquartercomparedwith$159millionintheprior year. Earningsbeforeinterestandtaxes(EBIT)of$252millioncompareswith$248millioninthefirstquarteroffiscal 2015.EBITincludedtheimpactofcertainnonBrecurringitems,including$18millioninseparationcosts,a$22 milliongainondivestiture,and$3millioninsecsettlementbrelateditems.adjustedebit,whichexcludesthe impactoftheseitems,was$245million,andadjustedebitmarginof8.9percentimprovedfrom7.7percentin theprioryear. Netcashprovidedbyoperatingactivitieswas$324millioninthefirstquarter,animprovementof$51million,or 19percent,fromtheprioryear.Theincreaseinnetcashprovidedbyoperatingactivitieswasdrivenbybetter workingcapitalmanagement. Freecashflowwas$120millioninthefirstquarter,anincreaseof$50millionfromtheprioryear.Theincrease infreecashflowwasdrivenbyhighernetcashprovidedbyoperatingactivitiesaswellaslowercapital expenditures. AsaresultofCSC sfiscalyearconvention,lastyear sfirstquartercontainedanextraweek. GlobalBusinessServices GBSrevenueof$919millioninthequartercompareswith$1,088millionintheyearagoquarter,adeclineof7.5 percentyearboverbyearinconstantcurrency.thegbsrevenuedeclinewasdrivenbytheongoingrepositioningof ourconsultingbusiness,contractcompletionsinourapplicationsbusiness,andtheimpactoftheextraweek, partiallyoffsetbygrowthinindustrysoftwareandsolutions.adjustingforthefullimpactoftheextraweek,gbs revenuedeclinedapproximately4percentyearboveryearonaconstantcurrencybasis.gbsoperatingmarginof 10.6percentincreasedfrom9.9percentintheprioryear,drivenbyslightlyhigherutilizationandtheongoingbenefit ofourcosttakeoutactions.newbusinessawardsforgbswere$0.9billioninthefirstquarter.

2 GlobalInfrastructureServices GISrevenueof$885millioninthequartercompareswith$1,131millionintheyearBagoquarter,adeclineof15.3 percentyearboverbyearinconstantcurrency.thegisrevenuedeclinewasdrivenbytheimpactofrestructured contracts,othercontractcompletions,andpricebdowns,aswellastheextraweek,whichmorethanoffsetgrowthin ourtraditionalinfrastructurebusinessandnextbgenerationofferings.adjustingforthefullimpactoftheextraweek, GISrevenuedeclinedapproximately12percentyearBoverByearinconstantcurrency.GISoperatingmarginwas6.0 percentinthequartercomparedwith6.3percentintheprioryear.newbusinessawardsforgiswere$1.4billionin thequarter. NorthAmericanPublicSector NPSrevenuewas$957millioninthefirstquarter,adecreaseof6.0percentwhencomparedwith$1,018millionin thefirstquarteroffiscal2015.newtasking,highervolumes,andaddedscopeonseveralcontracts,particularlyin ourcivilianbusiness,partiallyoffsetreducedtaskingandwindbdownsonotherprograms,aswellastheimpactof theextraweek.adjustingforthefullimpactoftheextraweek,npsrevenuedeclinedapproximately2percentyearb overbyear.npsoperatingmarginof14.2percentcompareswith14.8percentintheprioryear.newbusiness awardsfornpswere$1.0billioninthequarter. ReturningCapitaltoShareholders Duringthefirstquarter,CSCreturned$150milliontoshareholders,consistingof$32millionincommonstock dividendsand$118millionofsharerepurchases.cscrepurchased1.8millionsharesthroughopenmarket purchasesatanaveragepriceof$66.34.cschad138,053,490basicsharesoutstandingonjuly3,2015. Lookingahead,wecontinuetotargetnonBGAAPEPSfromcontinuingoperationsof$4.75to$5.05forfiscal2016, andourfreecashflowtargetremainsunchangedat$750to$800million, Lawriesaid. Aswecontinuetomake goodprogresstowardourplannedseparationlaterthisyear,weremaincommittedtoservingourclients,investing whereappropriatetopositionforgrowth,anddeliveringvalueforourshareholders. ConferenceCallandWebcast CSCseniormanagementwillhostaconferencecallandwebcastat5p.m.ETtoday.ThedialBinnumberfor domesticcallersis888b554b1431.callerswhoresideoutsideoftheunitedstatesorcanadashoulddial719b325b 2280.Thepasscodeforallparticipantsis Thewebcastaudioandanypresentationslideswillbeavailable oncsc sinvestorrelationswebsite. Areplayoftheconferencecallwillbeavailablefromapproximatelytwohoursaftertheconclusionofthecalluntil August18,2015.ThereplaydialBinnumberis888B203B1112fordomesticcallersand719B457B0820forcallerswho resideoutsideoftheunitedstatesandcanada.thereplaypasscodeisalso areplayofthiswebcastwill alsobeavailableoncsc swebsite. NonQGAAPMeasures InanefforttoprovideinvestorswithadditionalinformationregardingtheCompany spreliminaryandunaudited resultsasdeterminedbyu.s.generallyacceptedaccountingprinciples(gaap),thecompanyhasalsodisclosedin thispressreleasepreliminarynonbgaapinformation,andcertainfurtheradjustmentsthereto,whichmanagement believesprovidesusefulinformationtoinvestors,including:operatingincome,earningsbeforeinterestandtaxes (EBIT),adjustedEBIT,freecashflow,andnonBGAAPresultsincludingnonBGAAPincome(loss)fromcontinuing operationsandnonbgaapdilutedearnings(loss)persharefromcontinuingoperations.reconciliationsofthe preliminarynonbgaapmeasurestotherespectiveandmostdirectlycomparablegaapmeasures,aswellasthe rationaleformanagement suseofnonbgaapmeasures,areincludedbelow. AboutCSC ComputerSciencesCorporation(CSC)isagloballeaderofnextgenerationinformationtechnology(IT)services andsolutions.thecompany'smissionistoenablesuperiorreturnsonourclients technologyinvestmentsthrough bestbinbclassindustrysolutions,domainexpertiseandglobalscale.cschasapproximately70,000employeesand reportedrevenueof$11.7billionforthe12monthsendedjuly3,2015.formoreinformation,visitthecompany's websiteatwww.csc.com. Allstatementsinthispressreleaseandinallfuturepressreleasesthatdonotdirectlyandexclusivelyrelateto historicalfactsconstitute forwardblookingstatements. ThesestatementsrepresenttheCompany sintentions, plans,expectationsandbeliefs,andaresubjecttorisks,uncertaintiesandotherfactors,manyofwhichareoutside thecompany scontrol.thesefactorscouldcauseactualresultstodiffermateriallyfromsuchforwardblooking statements.forawrittendescriptionofthesefactors,seethesectiontitled RiskFactors incsc sform10bkfor thefiscalyearendedapril3,2015andanyupdatinginformationinsubsequentsecfilings.thecompanydisclaims

3 anyintentionorobligationtoupdatetheseforwardblookingstatementswhetherasaresultofsubsequenteventor otherwise,exceptasrequiredbylaw. ### Contact:

4 BusinessSegmentRevenues,OperatingIncomeandOperatingMargins (preliminaryandunaudited) RevenuesbySegment QuarterEnded (Amountsinmillions) July3,2015 July4,2014 %Change %Changein Constant Currency GlobalBusinessServices $ 919 $ 1,088 (15.5)% (7.5)% GlobalInfrastructureServices 885 1,131 (21.8) (15.3) NorthAmericanPublicSector 957 1,018 (6.0) (6.0) TotalRevenues $ 2,761 $ 3,237 (14.7)% (9.8)% OperatingIncomeandOperatingMarginsbySegment (Amountsinmillions) Operating Income QuarterEnded July3,2015 July4,2014 Operating Margin Operating Income Operating Margin GlobalBusinessServices $ % $ % GlobalInfrastructureServices NorthAmericanPublicSector Corporate 12 (26) TotalOperatingIncome $ % $ %

5 ConsolidatedCondensedStatementsofOperations (preliminaryandunaudited) QuarterEnded (Amountsinmillions,exceptperQshareamounts) July3,2015 July4,2014 Revenues $ 2,761 $ 3,237 Costsofservices(excludesdepreciationandamortizationand restructuringcosts) 2,026 2,364 Selling,generalandadministrative(excludesrestructuringcosts) Depreciationandamortization Restructuringcosts 10 Separationcosts 18 Interestexpense Interestincome (11) (5) Otherincome,net (26) (1) Totalcostsandexpenses 2,533 3,023 Incomefromcontinuingoperations,beforetaxes Incometaxexpense Incomefromcontinuingoperations Lossfromdiscontinuedoperations,netoftaxes (8) Netincome Less:netincomeattributabletononcontrollinginterest,netoftax 4 5 NetincomeattributabletoCSCcommonstockholders $ 160 $ 146 Earnings(loss)percommonshare Basic: Continuingoperations $ 1.16 $ 1.06 Discontinuedoperations (0.06) $ 1.16 $ 1.00 Diluted: Continuingoperations $ 1.14 $ 1.03 Discontinuedoperations (0.05) $ 1.14 $ 0.98 Cashdividendpercommonshare $ 0.23 $ 0.23 Weightedaveragecommonsharesoutstandingfor: BasicEPS DilutedEPS Page5

6 SelectedBalanceSheetData (preliminaryandunaudited) Asof (Amountsinmillions) July3,2015 April3,2015 Assets Cashandcashequivalents $ 2,199 $ 2,098 Receivables,net 2,123 2,369 Prepaidexpensesandothercurrentassets Totalcurrentassets 4,796 4,905 Propertyandequipment,net 1,558 1,583 Software,net Outsourcingcontractcosts,net Goodwill 1,671 1,671 Otherassets 1, TotalAssets $ 10,116 $ 10,201 Liabilities ShortBtermdebtandcurrentmaturitiesoflongBtermdebt $ 911 $ 904 Accountspayable Accruedpayrollandrelatedcosts Accruedexpensesandothercurrentliabilities 1,060 1,239 Deferredrevenueandadvancecontractpayments Incometaxespayableanddeferredincometaxes Totalcurrentliabilities 3,533 3,601 LongBtermdebt,netofcurrentmaturities 1,707 1,765 Incometaxliabilitiesanddeferredincometaxes OtherlongBtermliabilities 1,447 1,474 TotalEquity 3,014 2,949 TotalLiabilitiesandEquity $ 10,116 $ 10,201 Page6

7 ConsolidatedCondensedStatementsofCashFlows (preliminaryandunaudited) QuarterEnded (Amountsinmillions) July3,2015 July4,2014 Cashflowsfromoperatingactivities: Netincome $ 164 $ 151 Adjustmentstoreconcilenetincometonetcashprovidedbyoperatingactivities: Depreciationandamortization StockBbasedcompensation (12) 19 Netgainondispositionsofbusinessesandassets (51) (20) Excesstaxbenefitfromstockbasedcompensation (14) (9) Othernoncashcharges,net Changesinassetsandliabilities,netofeffectsofacquisitionsanddispositions: Decrease(increase)inassets 211 (19) Decreaseinliabilities (194) (135) Netcashprovidedbyoperatingactivities Cashflowsfrominvestingactivities: Purchasesofpropertyandequipment (90) (102) Paymentsforoutsourcingcontractcosts (21) (14) Softwarepurchasedanddeveloped (35) (52) Businessdispositions 34 5 Proceedsfromsaleofassets Otherinvestingactivities,net (15) Netcashusedininvestingactivities (84) (114) Cashflowsfromfinancingactivities: BorrowingsunderlinesofcreditandshortBtermdebt 3 Repaymentofborrowingsunderlinesofcredit (17) PrincipalpaymentsonlongBtermdebt (69) (84) Proceedsfromstockoptionsandothercommonstocktransactions ExcesstaxbenefitfromstockBbasedcompensation 14 9 Repurchaseofcommonstock (118) (148) Dividendpayments (32) (29) Netcashusedinfinancingactivities (178) (181) Effectofexchangeratechangesoncashandcashequivalents Netincrease(decrease)incashandcashequivalents 101 (3) Cashandcashequivalentsatbeginningofyear 2,098 2,443 Cashandcashequivalentsatendofperiod $ 2,199 $ 2,440 Page7

8 NonQGAAPFinancialMeasures ThefollowingtablesreconcilenonBGAAPfinancialmeasuresofoperatingincome,earningsbeforeinterestandtaxes(EBIT), adjustedebit,andfreecashflow,totherespectivemostdirectlycomparablefinancialmeasurecalculatedandpresentedin accordancewithgaap.alsopresentedbelowarethecompany'snonbgaapresults,whichexcludecertainitemsthat managementbelievesarenotindicativeofthecompany'soperatingperformance.cscmanagementbelievesthatthesenonb GAAPfinancialmeasuresprovideusefulinformationtoinvestorsregardingtheCompany'sfinancialconditionandresultsof operationsastheyprovideanothermeasureofthecompany'sprofitabilityandabilitytoserviceitsdebt,andareconsidered importantmeasuresbyfinancialanalystscoveringcscanditspeers. Managementusesoperatingincometoevaluatefinancialperformanceanditisoneofthemeasuresusedinassessing managementperformance.oneofthelimitationsassociatedwiththeuseofoperatingincome(ascomparedtoreported earnings)isthatitdoesnotreflectthecompletefinancialresultsofthecompany.csccompensatesfortheselimitationsby providingareconciliationbetweenoperatingincomeandincomefromcontinuingoperations,beforetaxes.managementuses freecashflowasoneofthefactorsinreviewingtheoverallperformanceofthebusiness.managementcompensatesforthe limitationsofthisnonbgaapmeasurebyalsoreviewingthegaapmeasuresofoperating,investingandfinancingcashflows. ManagementusesnonBGAAPincomefromcontinuingoperationsandnonBGAAPEPStoevaluatetheCompany'sresults, excludingtheimpactofitemsthatmanagementbelievesarenotindicativeofthecompany'soperatingperformance.csc compensatesforthelimitationsofthesenonbgaapmeasuresbyprovidingareconciliationfromnonbgaapresultstoreported results. GAAPReconciliations OperatingIncome (preliminaryandunaudited) CSCdefinesoperatingincomeasrevenuelesscostsofservices,depreciationandamortizationexpense,restructuringcosts andsegmentselling,generalandadministrative(sg&a)expense,excludingcorporateg&a,actuarialandsettlementcharges relatedtocsc'spensionandotherpostbemploymentbenefit(opeb)plans,andseparationcosts.operatingmarginisdefined asoperatingincomeasapercentageofrevenue.areconciliationofconsolidatedoperatingincometoincomefromcontinuing operations,beforetaxesisasfollows: QuarterEnded (Amountsinmillions) July3,2015 July4,2014 Operatingincome $ 298 $ 304 CorporateG&A (54) (56) Pension&OPEBactuarial&settlementlosses (1) Separationcosts (18) Interestexpense (35) (39) Interestincome 11 5 Otherincome,net 26 1 Incomefromcontinuingoperationsbeforetaxes $ 228 $ 214 OperatingMargin 10.8% 9.4% EarningsBeforeInterestandTaxesandAdjustedEarningsBeforeInterestandTaxes (preliminaryandunaudited) Earningsbeforeinterestandtaxes(EBIT)isdefinedasincomefromcontinuingoperationslessinterestexpense,interestincome andincometaxexpense.ebitmarginisdefinedasebitasapercentageofrevenue. AdjustedEBITiscomputedbyexcludingfromEBITtheimpactofcertainfirstquarterfiscal2016itemsincludingseparation costs,againonadivestiture,andsecsettlementbrelateditems.adjustedebitmarginiscomputedasadjustedebitasa percentageofrevenue. Page8

9 AreconciliationofadjustedEBITandEBITtoincomefromcontinuingoperationsisasfollows: QuarterEnded (Amountsinmillions) July3,2015 July4,2014 AdjustedEBIT $ 245 $ 248 Separationcosts (18) Gainondivestiture 22 SECsettlementBrelateditems 3 EBIT Interestexpense (35) (39) Interestincome 11 5 Incometaxexpense (64) (55) Incomefromcontinuingoperations $ 164 $ 159 AdjustedEBITmargin 8.9% 7.7% EBITmargin 9.1% 7.7% FreeCashFlow (preliminaryandunaudited) CSCdefinesfreecashflowasequaltothesumof(1)operatingcashflows,(2)investingcashflows,excludingbusiness acquisitions,dispositionsandinvestments(includingshortbterminvestmentsandpurchaseorsaleofavailableforsale securities),and(3)paymentsoncapitalleasesandotherlongbtermassetfinancings.freecashflowisfurtheradjustedfor certainnonbrecurringcashflowitems,suchas(i)separationbrelatedpayments,(ii)paymentsrelatedtothefiscal2015fourth quarterspecialrestructuring,(iii)secsettlementbrelatedpayments,and(iv)thesaleofaccountsreceivables. Areconciliationoffreecashflowtonetcashprovidedbyoperatingactivitiesisasfollows: QuarterEnded (Amountsinmillions) July3,2015 July4,2014 Netcashprovidedbyoperatingactivities $ 324 $ 273 Netcash(usedin)providedbyinvestingactivities (84) (114) Businessdispositions (34) (5) PaymentsoncapitalleasesandotherlongBtermassetfinancings (69) (84) SeparationBrelatedpayments 11 Paymentsonspecialrestructuringcosts 19 SECsettlementBrelatedpayments 186 SaleofNPSaccountsreceivables (233) Freecashflow $ 120 $ 70 Page9

10 NonQGAAPResults (preliminaryandunaudited) NonBGAAPresultsarefinancialmeasurescalculatedbyexcludingcertainitems,whichmanagementbelievesarenotindicative ofthecompany'soperatingperformance.areconciliationofselectnonbgaapresultstoreportedresultsisasfollows: (Amountsinmillions,exceptper<shareamounts) As reported Separation costs QuarterendedJuly3,2015 Gainon divestiture SEC settlement< related items Non<GAAP results Costs%of%services%(excludes%depreciation%and%amortization%and% restructuring%costs)% $% 2,026 $% % $% % $% % $% 2,026 Selling,%general%and%administrative%(excludes%restructuring%costs)% $% 284 $% % $% % $% 3% $% 287 Income%(loss)%from%continuing%operations,%before%taxes% $% 228 $% (18%)% $% 22% $% 3% $% 221 Income%tax%expense%(benefit)% 64 (6%)% Income%(loss)%from%continuing%operations% $% 164 $% (12%)% $% 14% $% 2% $% 160 Net%income%(loss)% $% 164 $% (12%)% $% 14% $% 2% $% 160 Less:%net%income%attributable%to%noncontrolling%interest,%net%of%tax% 4 % 4 Net%income%(loss)%attributable%to%CSC%common%stockholders% $% 160 $% (12%)% $% 14% $% 2% $% 156 Effective%tax%rate% 28.1% 34.6% 34.6% 34.6% 27.9% Basic%EPS%from%continuing%operations% Diluted%EPS%from%continuing%operations% $% 1.16 $% (0.09%)% $% 0.10% $% 0.01% $% 1.13 $% 1.14 $% (0.09%)% $% 0.10% $% 0.01% $% 1.11 Weighted%average%common%shares%outstanding%for:% Basic%EPS% % Diluted%EPS% % Page10