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To: J Fieb who wrote (3711)	7/30/2001 7:23:53 AM
From: J Fieb	Read Replies (1) \| Respond to of 4808

Here's what EDS said.... Thursday July 26 01:13 PM EDT EDS Says Bad Times Boosted Q2 Bottom Line By Dan McDonough, Jr., www.CRMDaily.com EDS (NYSE: EDS - news) can seem like an enigma. While the rest of the financial world gets banged up by bad bottom lines, the Plano, Texas-based computer services outfit reported earnings and revenue growth for the second quarter that met Wall Street's expectations. • EDS Snares $469M CRM Contract • EDS Online Billing System Targets Utilities • EDS Courts Europe with $570M German Acquisition For the quarter ended June 30th, EDS reported net income of US$300 million, or 62 cents per share, compared with net income of $254 million, or 53 cents per share, in the year-ago second quarter. Q2 revenue rose to $5.1 billion from $4.7 billion last year, while contract signings rose 15 percent to $7 billion from $6.1 billion a year ago. Beating the Economy "This was a strong quarter for EDS, particularly in light of challenging world economic conditions," EDS chairman and chief executive Dick Brown said. "With our double-digit base revenue growth again exceeding the industry pace, we've continued to gain global market share and momentum." Historically, EDS has said it is somewhat immune to troubled economies because bad times call for outsourcing. When budgets are slim, many companies outsource management of their computer networks, and EDS gets loads of business. Brown indicated that this trend remains true. "It is clear services are the driving force in information technology," he said. Latin American Boom Business was best in EDS' Latin America unit. The company's base revenue in that region rose 34 percent year over year, while revenue in its Europe/Middle East/Africa segment rose 30 percent. Asia Pacific revenue gained 21 percent, and U.S. revenue was up 12 percent. Infrastructure drove the bottom line, according to EDS. The company said base revenue in its strategic infrastructure business segment grew 20 percent for a second consecutive quarter. Business process management base revenue was up 11 percent from last year, and revenue from the E Solutions business unit rose 29 percent, according to the company. Strong Pipeline EDS signaled that it remains strong and will report more growth in future quarters. It said its pipeline of new business rose nearly 60 percent since year-end, leaving EDS with a backlog of signed business that tops $80 billion -- more than four times the company's annualized revenue. "EDS' ongoing productivity improvements and strong balance sheet enable us to capitalize on unprecedented opportunities in the global IT services market," Brown said.

To: J Fieb who wrote (3711)	7/31/2001 11:06:59 AM
From: Gus	Respond to of 4808

Top 5 services companies are IBM, EDS, Computer Sciences, Fujitsu and Accenture in that order. Curiously, SSPs like STOR are trying to morph into storage software companies.

To: J Fieb who wrote (3711)	7/31/2001 11:15:22 PM
From: Gus	Respond to of 4808

More on computer services companies from briefing.com. The megatrend, of course, is outsourcing. 3:33PM Computer Sci (CSC) 34.80 +0.28 (+0.8%): Benefiting from reports that company has been awarded a National Security Agency contract. Teams from EDS and IBM are said to also have been vying for the contract. 8:32AM Perot Systems (PER) 16.99: Posts Q2 net of $0.15 a share, a penny above consensus. Revenues rose 8% to $291 mln. Company sees Q3 net of $0.15-$0.16 and full yr earnings of $0.62-$0.64, with current economic conditions making the upper end of the range less likely. Consensus estimates for the periods are $0.16 and $0.62.