TechTarget

Profits soar at EDS

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

This Article Covers

Outsourcing

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 >>


CW+

Features

Enjoy the benefits of CW+ membership, learn more and join.

Read more

0 comments

Oldest 

Forgot Password?

No problem! Submit your e-mail address below. We'll send you an email containing your password.

Your password has been sent to:

-ADS BY GOOGLE

SearchCIO

SearchSecurity

SearchNetworking

SearchDataCenter

SearchDataManagement

Close