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by Chris Chiappinelli, MA Editorial Staff Posted on Friday, November 02, 2007 4:26:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | As it continues to restructure toward applications contracts and away from its maturing infrastructure business, the IT services provider sees slow growth ahead. |
| Keywords: | EDS revenue, EDS revenues |
A year to the day since it announced its 2006 third-quarter results, global IT services company EDS today revealed 6% year-over-year revenue growth and an 80% jump in earnings in the quarter ended Sept. 30. Total revenue in the third quarter reached $5.6 billion, up from $5.3 billion in the year-earlier period. On an organic basis, which is measured on constant currencies and excludes the impact of acquisitions and divestitures, revenue growth was 4%. Net income at the technology services company shot up to $225 million from $125 million in the like period last year. Part of the spike came from its workforce restructuring, which has shifted workload to lower-cost countries. At the end of the third quarter, 40,000 EDS employees were located in what officials termed "right-shore" locations; 25,000 of them in India. [Click to continue] |
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