Electronic Data Systems

Electronic Data Systems (EDS) {{nyse|EDS}} (LSE: EDC) is a controversial, global IT consulting company that defined the outsourcing business when it was established in 1962 by Ross Perot. It is headquartered in Plano, Texas.

Related Topics:
LSE - IT consulting - 1962 - Ross Perot - Plano, Texas

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General Motors acquired the company in 1984. EDS became an independent company again in 1996. In 2004, it employed 117,000 people located in 60 countries, and reported revenues of US$20.7 billion. EDS is ranked as one of the largest services companies on the FORTUNE 500 list.

Related Topics:
General Motors - 1984 - 1996 - 2004

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For 2004, 56% of revenue came from the Americas (Canada, Latin America, and the United States); 27% from Europe, Middle East, and Africa; 5% from Asia-Pacific; 4% from A.T. Kearney (EDS' management consulting subsidiary); and 8% from "other", such as currency exchange, asset sales, etc. Services' revenue was: Infrastructure 52%, Applications software 24%, Business process outsourcing 12%, A.T. Kearney (management consulting) 4%, and other 8%.

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