WorldCom's tendrils pulled down EDS's second-quarter numbers in the form of a $101 million reserve the service provider had to set aside to cover money it's owed by the telecom vendor. Even so, EDS reported net income of $316 million on $5.5 billion in revenue for the quarter ended June 30, compared with $300 million in net income on revenue of $5.1 billion in the year-ago quarter.
The value of EDS's signed contracts decreased to $6.2 billion this quarter from $7 billion in the second quarter of 2001. But chairman and CEO Dick Brown says contracts are being delayed, not canceled.
5 Top Federal Initiatives For 2015As InformationWeek Government readers were busy firming up their fiscal year 2015 budgets, we asked them to rate more than 30 IT initiatives in terms of importance and current leadership focus. No surprise, among more than 30 options, security is No. 1. After that, things get less predictable.
Top IT Trends to Watch in Financial ServicesIT pros at banks, investment houses, insurance companies, and other financial services organizations are focused on a range of issues, from peer-to-peer lending to cybersecurity to performance, agility, and compliance. It all matters.
Join us for a roundup of the top stories on InformationWeek.com for the week of September 18, 2016. We'll be talking with the InformationWeek.com editors and correspondents who brought you the top stories of the week to get the "story behind the story."