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by David R. Brousell, MA Editorial Staff
Posted on Thursday, February 08, 2007 5:00:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | Technology services provider turns in solid 2006 results, plans bolt-on acquisitions, expansion in key industry segments, and increased product offerings for 2007. |
| Keywords: | EDS, technology services, outsourcing, quarterly earnings, results, financials, Mike Jordan, Eletronic Data Systems |
Following a strong fourth-quarter financial report but modest growth guidance for 2007, EDS said yesterday that it would undertake "act two" of a plan to grow the company more aggressively. Commenting on the company's guidance of 3%-5% revenue growth for 2007, EDS chairman and chief executive Mike Jordan, who joined EDS four years ago to pull the technology services giant out of a slump, said the company now needs to move to the next phase in the business transformation and improvement plan he initiated in 2003. "We do need to shift to a more aggressive growth posture," Jordan said during a call with financials analysts yesterday. The long-term growth target is "7% or so," he said, and will be based on a number of factors, including better utilization of the company's balance sheet, as well as expansion in key industry segments, and in product offerings. [Click to continue] |
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