Feeds

EDS delivers Q2 jam, much more to come

Contract signings slip

  • alert
  • submit to reddit

3 Big data security analytics techniques

Electronic Data Systems gave its investors some good news for a change when it reported second quarter figures at the top end of estimates yesterday and forecast 2006 earnings well above analyst’s forecasts.

However, it also revealed a big drop in second quarter contract signings from last year’s $4bn to $2.8bn this year. It said it was still on target to pull in $20bn of new business this year.

Revenues in the quarter ending 30 June were $5.2bn, down 1 per cent on the year. Net income was $26m, or five cents a share, compared to $270m, or 54 cents a share, last year. On a pro forma basis, earnings were $45m, or nine cents a share. Wall St had expected the firm to lose four cents per share.

Revenues were flat in the Americas, rose 11 per cent in Asia but were down 11 percent in EMEA. The firm has had a pretty horrible time in the UK this year, with continued spats with the UK government over contract screwups.

EDS said yesterday it had “confirmed” its 2005 guidance, which calls for revenues of $20bn to $21bn, and pro forma eps of 50 to 60 cents. Analysts currently expect 42 cents per share.

In 2006, it expects pro forma earnings per share of $1, well up on the 66 cents analysts currently expect.

Related stories

Redundant EDSers threaten legal action
UK Inland Revenue may sue EDS
EDS tax fiasco hit with two barrels
EDS UK cuts jobs
EDS moves to profit in Q1

High performance access to file storage

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
Ex–Apple CEO John Sculley: Ousting Steve Jobs 'was a mistake'
Twenty-nine years later, post-Pepsi exec has flat-forehead moment
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.