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