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Home > Fortune 500 Companies > Electronic Data Systems
Electronic Data Systems
Electronic Data Systems is a publicly traded company having a good stock performances result. It provides a broad portfolio of business and technology solutions to help its clients worldwide improve their business performance. Electronic Data Systems is a Fortune 500 stock listed company trading under EDS symbol.
Their core portfolio comprises information technology, applications and business process services, as well as information technology transformation services. It is a leading global technology services company delivering business solutions to its clients. They founded the information technology outsourcing industry more than 40 years ago. Today, they delivers a broad portfolio of information technology and business process outsourcing services to clients in the manufacturing, healthcare, financial services, communications, energy, transportation, and consumer and retail industries and to governments around the world.
They provide the best solutions for executives to maximize return on their IT investments. Their deep industry knowledge enables clients to address issues specific to their businesses, and their matchless global infrastructure provides the capacity and capability to help ensure they serve their clients amazingly well.
It has entered into an Accelerated Share Repurchase agreement with Credit Suisse for the purchase of 400 million dollars of its common stock as part of a 1 billion dollars share repurchase plan recently authorized by the company’s board of directors. The remaining 600 million dollars authorized by the board may be used to repurchase shares in open market purchases or privately negotiated transactions over the next 18 months.
For full year 2005, they posted earnings of 150 million dollars, or 28 cents per share, versus earnings the prior year of 158 million dollars, or 32 cents per share. Its 2005 pro forma net income was 328 million dollars, or 62 cents per share, excluding after-tax losses of 136 million dollars for discontinued operations; 166 million dollars pre tax for expensing stock options and performance-based restricted stock units, a 32 million dollars pre tax reversal of previously recognized restructuring expenses, pre-tax divestiture related gains of 94 million dollars, and pre tax 24 million dollars for reserves related to shareholder litigation. Full-year 2005 free cash flow was 619 million dollars, versus 304 million dollars for full year 2004.
Electronic Data Systems is known for delivering excellent service to clients around the world. That same level of commitment to good corporate citizenship is seen in the communities where the company’s employees live and work.
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