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by David R. Brousell, MA Editorial Staff
Posted on Thursday, August 02, 2007 4:35:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | Revenue from the manufacturing sector inched up just 2%, but the IT services company said it sees a strong pipeline ahead and won't put all its eggs in the megadeal basket. |
| Keywords: | EDS, Electronic Data Systems, technology services, integration services, integration consultant, Mike Jordan, net income, EDS revenue flat |
Technology services giant EDS late yesterday reported that both revenue and net income rose in the second quarter, driven, in part, by internal operational improvements as well as the development of new service capabilities. The Plano, TX-based company reported revenue of $5.45 billion, up 5% from $5.19 billion recorded in the like period of 2006. Organic growth, however, registered only 1%. Adjusted net income rose to $143 million, or $0.27 per diluted share, from $107 million, or $0.20. The revenue figure was in the range of EDS' guidance, which was $5.3 billion to $5.5 billion, and earnings per share were at the high end of what the company had predicted. Revenue from the manufacturing sector grew to $894 million in the second quarter, from $878 million a year ago. [Click to continue] |
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