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CSC reports increased revenue in first quarter     Computer Sciences Corporation (CSC) reported an 8.6% increase in revenue for its fiscal 2006 first quarter, led by growth in its global commercial and US federal government businesses.    For the quarter ended July 1, 2005 revenue was $3.58 billion, up 8.6% over last year's comparable quarter, or approximately 7% in constant currency.    Net earnings per share (diluted) from continuing operations     were 58 cents, up 18%. Net income was $131.6 million, including $22.9 million from the gain on sale of discontinued operations.    "We are pleased with our first quarter results which have provided a solid start to fiscal 2006," said CSC Chairman and Chief Executive Officer Van B. Honeycutt.    Recent large outsourcing contract wins, primarily in North America and Europe, were significant contributors     to the growth reported by the company.    Additionally, CSC's North American consulting and systems integration business showed solid revenue improvements, both year-over-year and sequentially. Global commercial revenue also benefited from favourable currency movements.    Major business announcements for the quarter totalled $3.7 billion.    "Our 20-month federal     pipeline is approximately $31 billion, with opportunities spread across multiple clients from a wide-ranging spectrum of federal government departments and agencies," continued Honeycutt.    Revenue derived from shorter-term consulting and systems integration services in North America showed growth year-over-year and sequentially, according to the company. CSC said demand in Europe for     similar shorter-term services continues to be mixed, varying by country.    Looking forward, CSC reaffirmed its forecast for fiscal 2006. It expects revenue in the $15 billion to $15.2 billion range and earnings per share in the range of $3.20 to $3.30.

Accenture and Dow Chemical sign multi-year business services agreement     Accenture and global chemical company Dow Chemical have signed a multi-year agreement under which Accenture will continue as a strategic services supplier and will     provide a broad range of business application development, implementation and support services to Dow, extending to 2011.    The new agreement expands on an already     successful long-term relationship between the two companies during which Accenture helped Dow improve IT development and support productivity by more than 45 percent and     supported the implementation of key strategic initiatives over the past ten years.    As a key enabling element of its business growth agenda, Dow is developing a shared     services centre in Shanghai, China leveraging leadership, capabilities, resources and processes developed with Accenture.

Watson Wyatt completes acquisition of Watson Wyatt LLP     Watson Wyatt & Company Holdings has completed the acquisition of assets and assumption of liabilities of European-based Watson Wyatt LLP, its long-time     alliance partner.    "Today, Watson Wyatt Worldwide takes an important step forward in serving the global needs of our clients," said John Haley,     president and chief executive officer. "The combination opens up new opportunities for growth across geographies and service lines and is expected to increase our     long-term profitability and stockholder value."    The combined organization will be a global leader in human capital and financial management consulting     services, with over $1.1 billion in revenues and 32 countries worldwide.

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