EDS Sees Double-Digit 'Organic Base' Revenue Growth for 2001

Author:: Chris Frankie
Publish date:: Feb 26, 2001 6:24 PM EST

Electronic Data Systems

(EDS)

still expects to achieve double-digit "organic base" revenue growth for 2001, the company said during its annual meeting with securities analysts Monday.

The computer services provider said its "base" revenue excludes revenue from

General Motors

(GM) - Get Report

and "organic" revenue is adjusted to remove the impact of acquisitions and divestitures.

"We are in an industry that has double-digit growth,'' the company said in a statement. "We are determined to show we can not only keep pace with market growth, but exceed it.''

Earlier this month, the Plano, Texas, company

reported earnings that beat slightly lowered estimates for the fourth quarter, but jumped 9 cents from the year-ago period. Although earnings figures weren't specifically addressed in the press release, 14 analysts polled by

First Call/Thomson Financial

are calling for the company to earn 56 cents a share in the first fiscal quarter.