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EDS' Profit Grows

Stock quotes in this article: EDS , IBM , HPQ , IBM  

SAN FRANCISCO -- Electronic Data Systems(EDS Quote) beat second-quarter earnings expectations Monday, but sluggishness in the U.S. was felt on the company's top line.

The Plano, Texas, services company reported revenue rose a mere 3% to $5.62 billion, from $5.45 billion in the same quarter of last year. Analysts were expecting a top line of $5.71 billion, according to Thomson Reuters.

Net income grew 16% to $160 million, or 31 cents a share, from $138 million, or 26 cents a share, in the same period of 2007.

Excluding special items, EPS was 33 cents. Analysts were looking for 26 cents. ...

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