News

Profits soar at EDS

Antony Savvas

Net profit at outsourcer EDS rose from £235m in 2006 to £358m last year, a jump of 52%.

In addition, full-year total revenue for 2007 increased by 4% to just over £11bn.

But full-year 2007 total contract value was £9.75bn, down 26% on the prior year.

"EDS enters 2008 a stronger and more competitive company," said CEO Ron Rittenmeyer. "Our financial priorities include driving sustainable operating margins and continuing to enhance our capabilities in higher-margin application services."

The results come after the company offered early retirement to 12,000 staff last year, and include some of the associated costs.

Kraft signs £1bn deal with EDS >>



Email Alerts

Register now to receive ComputerWeekly.com IT-related news, guides and more, delivered to your inbox.
By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy
 

COMMENTS powered by Disqus  //  Commenting policy