Embattled IT services vendor, Electronic Data Systems (EDS), under investigation by the U.S. Securities and Exchange Commission, struggling with a credibility crisis and suffering from big-client bankruptcies, has reported that its 2002 fiscal fourth quarter earnings and revenue fell, as customers once again spent less than expected.
IT services provider Computer Sciences (CSC) reported significantly higher profits for its 2003 third fiscal quarter, but its revenue dropped.
In IT outsourcing, it seems that size matters: more outsourcing megadeals were signed in 2002 than in 2001.
As chief information officers and IT managers continue to grapple with tight budgets and seek to lower costs, they are increasingly resorting to offshore outsourcing, according to analysts at Gartner's Dataquest division.
IT services company BearingPoint, formerly known as KPMG Consulting, has announced plans to eliminate between 450 and 550 jobs. Most of the cuts will happen in the North American and Asia-Pacific regions.
21st Century Insurance Group has filed an arbitration proceeding seeking more than US$100 million from Computer Sciences Corporation (CSC) over an IT project the insurer says has not yielded the expected results.
Electronic Data Systems (EDS) is cutting its fourth-quarter and full-year earnings expectations as a result of Monday's US Chapter 11 bankruptcy protection filing from UAL, the parent company of United Airlines.
IBM's process to bring PwC Consulting into its fold is proceeding successfully and on schedule, an IBM executive said earlier this week, but analysts say it's too early to tell how well the two organisations are melding.
The Linux operating system has "an established and growing presence" in the enterprise market, although it remains a nascent technology in the early stages of adoption, according to a new study released by the research unit of The Goldman Sachs Group investment bank.
IBM's Global Services unit has launched a program to host applications from independent software vendors (ISVs) in its data centres, providing customers with access to those applications as a service over the Internet.
Electronic Data Systems ended its 2002 third fiscal quarter with earnings and revenue that exceeded revised expectations, but fell way below original expectations for the quarter.
Dell Computer is serious about its push to expand beyond the PC market by selling storage devices, networking products, servers, printers and professional services to companies, the company's chairman and CEO, Michael Dell, said last week.
Electronic Data Systems will provide some technical support services for Dell Computer clients in the US and Latin America.
The US Securities and Exchange Commission (SEC) has launched an informal inquiry into embattled services giant Electronic Data Systems.
Financially troubled Electronic Data Systems is launching a company-wide reduction of overhead costs that could involve layoffs.
