EDS exceeds Q1 expectations by a penny
IT services provider Electronic Data Systems (EDS) slightly exceeded analysts' expectations for its first fiscal quarter, despite...
Infographic: Future-proofing UK technology
The current potential of the UK technology industry is restricted by the lack of tech and digital talent available. Read through this challenge for the future of UK business and our economy.
By submitting your personal information, you agree that TechTarget and its partners may contact you regarding relevant content, products and special offers.
You also agree that your personal information may be transferred and processed in the United States, and that you have read and agree to the Terms of Use and the Privacy Policy.
EDS had net income of $354m (£244m), or $0.72 per share, the company said, surpassing by one cent the consensus expectation from analysts polled by Thomson Financial/First Call. This compared with net income of $446m, or $0.93 per share, in last year's first fiscal quarter.
The company's first-quarter revenue rose 7% from a year earlier, to $5.34bn (£3.69bn), much lower than EDS' expectation of 13% revenue growth.
EDS said its net income in last year's first fiscal quarter included several one-time gains and the cumulative effect of a changed accounting practice. Excluding those gains, net income in last year's first fiscal quarter was $301m, or $0.63 per share.
Start the conversation
0 comments