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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                    FORM 8-K

                                 CURRENT REPORT
     PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934


         DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) APRIL 2, 2003


                          DATA SYSTEMS & SOFTWARE INC.
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)



           DELAWARE                     0-19771                22-2786081
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 (State or Other Jurisdiction   (Commission file Number)        (IRS Employer
       of Incorporation)                                     Identification No.)



                    200 ROUTE 17, MAHWAH, NEW JERSEY               07430
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                (Address of Principal Executive Offices)        (Zip Code)



        Registrant's telephone number, including area code (201) 529-2026
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Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
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     (c)  Exhibits

         Exhibit 99.1 - Press release of Registrant, dated April 2, 2003.

Item 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
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         On April 2, 2003, we announced  our results for the fourth  quarter and
year ended  December  31,  2003.  Our press  release  announcing  the results is
attached as Exhibit 99.1.




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                                   SIGNATURES

            Pursuant to the requirements of the Securities Exchange Act of 1934,
the  registrant  has duly  caused  this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                          DATA SYSTEMS & SOFTWARE INC.



Date:  April 2, 2003                     BY:          /S/ SHELDON KRAUSE
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                                                      Sheldon Krause
                                                      Secretary








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