EDS reports growth in first quarter

The Texas-based outsourcer and services firm reported $5.37bn in revenue, a slight increase year-on-year.

Net revenue was $63m, down from $165m a year ago, but last year’s figure included a $100m contract termination payment from Verizon.

With two $1bn deals recently under its belt, and given a sluggish global economy, EDS experienced a respectable first quarter, but needs to show growth in its applications business, given the strategic importance of this business to its future growth.

EDS is continuing to build its SAP practice, and has started to put additional investments into its Oracle capabilities, recently launching a government tax practice based on Oracle solutions.

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