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EDS Sees Security Interest At The Top
EDS saw contract signings reach record levels for the 11th consecutive quarter
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IT services company EDS saw contract signings reach record levels for the 11th consecutive quarter, helping to drive third-quarter revenue up 16%. EDS (EDS--NYSE) posted a profit of $212 million on revenue of $5.6 billion. The events of Sept. 11 had a negative impact on sales, but they've also caused companies to think more seriously about security and business continuity, CEO Dick Brown says. Inquiries about redesigning IT architectures, he says, "are no longer coming from middle managers. They're coming from CXOs."
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