Friday, 9 November 2007

EDS Reports Q307 Revenue up 6%

EDS reported its overall third quarter 2007 revenue at 5.63 billion dollars, a 6 percent increase from a year ago.

In the Asia-Pacific pacific region, its revenue was 465 million dollars, up 18 percent compared to the prior-year period. EDS said the increase was primarily due to India revenues.

“EDS posted solid results during the quarter and made significant strides to boost its longterm
profitability and competitiveness,” said Ron Rittenmeyer, president and chief executive
officer, EDS.

“Our earnings tracked to the high end of our guidance, our win rates continued to
trend upward, and we announced a number of initiatives that will expand our presence in
the highest value areas of the applications market.”

Contract signings for the quarter represented the best third quarter signings performance in
five years. EDS signed 5.7 billion dollars in contracts.

This included eight contracts with values greater than 100 million dollars with clients in the government, financial services, manufacturing and transportation industries.

Third quarter wins included a 630 million dollar renewal with Sabre Holdings to provide a full
range of IT services in support of Sabre's continued business transformation; a 489 million dollar amendment to the UK Ministry of Defence (MoD) Defence Information Infrastructure
contract to support the deployed military operations environment by creating a single,
modernized MoD information infrastructure; and a 310 million dollar renewal with the
Commonwealth Bank of Australia.

Rittenmeyer added that the company's 2008 sales pipeline increased by more than 20
percent, year-over-year, with particular strength in financial services and government.

EDS also continued to expand its presence in applications, while adding significant
capabilities in higher-margin services.

“While we have made significant progress, work remains for EDS to reach its long-term
goals, and we will not settle for the status quo,” said Rittenmeyer.

“Moving forward, our focus will be on improving our mix of higher-margin work, driving productivity and improving our working capital management."