Picture of a graph
EDS' profits rose to £108m in the third quarter

EDS profits up 75 per cent to £108m

The next phase of the UK Defence Information Infrastructure deal helped boost revenue to £2.7bn

Written by Neon Kelly

Earnings for EDS jumped 75 per cent to $225 million (£108m) during the third quarter of 2007.

The outsourcing giant also reported sales of $5.6bn (£2.7bn), up 6 per cent from last year.

Advertisement

Large deals signed during the period included a $630 (£302m) agreement with US travel company Sabre Holdings, and a $489m (£235m) amendment to the Defence Information Infrastructure contract with the Ministry of Defence.

“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 Ron Rittenmeyer.

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

Tags:

Comments

White papers

Related jobs

More Accounting jobs

Spotlight

Ted Bell, Abel and Cole FD

Profile: Ted Bell, FD of Abel and Cole

The combination of the online shopping boom and a hunger...

Top 30 Accounting Networks and Associations 2008

The race to become the biggest firm on the planet...

Barack Obama Accountancy Age cover October 2008

Obama: asset or liability?

What an Obama presidency could mean for you

Find your next job

Find your next job
Salary Checker

Job of the week

More finance jobs

Newsletters

Sign up here for the very latest news delivered to your inbox. Choose from the following options:

Your next job

Have your say

Will proposed tax cuts help to stimulate the economy?
Yes
No

Advertisement

Search white papers

Search white papers

Advertisement