By Kate Hanaghan, 23 April 2002 09:45
NEWS EDS has seen profits in its first financial quarter slip. The services company gained 14 per cent on profits for the quarter up to $354 million, or 72 pence per share, from $301 million in the same period last year. However, the figure from 2001 excludes additional gains, including a $178 million ecommerce investment. Analysts had previously estimated the company would earn between 63 cents and 75 cents a share. EDS has also reduced its revenue growth targets for 2002 from 13-16 per cent to a high- single digit figure, citing the on-going weakened economic environmen
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