| Table 2 | EDS - Financial Results & Forecast | Aug-05 | ||||||||
| (Fiscal year end: Dec 31) | ||||||||||
| 2005e | % of | Change | 2004 | % of | Change | 2003 | % of | |||
| Stemming revenue erosion | ($ Mill) | Rev | 05/04 | ($ Mill) | Rev | 04/03 | ($ Mill) | Rev | ||
| Revenue | (restated) | (restated) | ||||||||
| Non-GM | $18,230 | 91.2% | -2.3% | $18,661 | 90.5% | 1.6% | $18,372 | 89.3% | ||
| GM | $1,766 | 8.8% | -10.0% | $1,962 | 9.5% | -10.7% | $2,198 | 10.7% | ||
| Total Revenue | $20,000 | 100.0% | -3.0% | $20,623 | 100.0% | 0.3% | $20,570 | 100.0% | ||
| 2Q05 | $5,199 | -0.7% | $5,235 | $21,476 | (original #) | |||||
| Revenue by industry (e) | ||||||||||
| Manufact. (incl. GM) | $3,600 | 18% | -12.7% | $4,125 | 20% | -12% | $4,913 | 23% | ||
| Energy | $800 | 4% | -3.0% | $825 | 4% | -11% | $1,282 | 5% | ||
| Finance & Insurance | $4,000 | 20% | -3.0% | $4,125 | 20% | 18% | $2,990 | 14% | ||
| Government | $6,000 | 30% | -3.0% | $6,187 | 30% | 15% | $5,340 | 33% | ||
| Transportation | $1,400 | 7% | -3.0% | $1,444 | 7% | -23% | $1,282 | 6% | ||
| Communications | $2,000 | 10% | 7.8% | $1,856 | 9% | 4% | $2,136 | 12% | ||
| Health | $1,000 | 5% | -3.0% | $1,031 | 5% | -1% | $1,068 | 5% | ||
| Other | $1,200 | 6% | 16.4% | $1,031 | 5% | 110% | $1,560 | 2% | ||
| Costs | ||||||||||
| Cost of Non-GM Revenue | $16,073 | 88.2% | -6.2% | $17,144 | 91.9% | -0.1% | $17,161 | 93.4% | ||
| Various charges & credits (incl. above) | $461 | ($559 NMCI) | ||||||||
| Cost of GM Revenue (e) | $1,589 | 90.0% | -10.0% | $1,766 | 90.0% | -6.6% | $1,890 | 86.0% | ||
| Total Cost of Rev. | $17,662 | 88.3% | -6.6% | $18,910 | 91.7% | 11.5% | $19,051 | 92.6% | ||
| Gross Profit/Margin | $2,338 | 11.7% | 36.5% | $1,713 | 8.3% | 12.8% | $1,519 | 7.4% | ||
| Expenses | ||||||||||
| Restructuring Charges | $37 | $174 | $191 | 0.9% | ||||||
| Selling, Gen.&Admin. | $1,499 | 7.5% | -9.0% | $1,647 | 8.0% | 2.6% | $1,605 | 7.8% | ||
| Total Costs & Exp. | $19,198 | 96.0% | -7.4% | $20,731 | 100.5% | -0.6% | $20,847 | 101.3% | ||
| Oper. Profit (Loss) | $802 | 4.0% | -842.9% | ($108) | -0.5% | -61.0% | ($277) | -1.3% | ||
| 2Q05 | $70 | ($84) | ||||||||
| Interest Expense/Income, Net* | $280 | 1.4% | $280 | 1.4% | $266 | 1.3% | ||||
| Income(Loss) B. Tax | $522 | 2.6% | -234.6% | ($388) | -1.9% | -28.5% | ($543) | -2.6% | ||
| Income Tax | $157 | 0.8% | -268.5% | ($93) | -0.5% | -50.0% | ($186) | -0.9% | ||
| " Rate | 30.0% | 24.0% | 34.3% | |||||||
| Accounting change charge | ($1,432) | |||||||||
| Net Income (Loss) | $366 | 1.8% | -223.9% | ($295) | -1.4% | -82.6% | ($1,698) | -8.3% | ||
| 2Q05 | $26 | $270 | ||||||||
| Earnings (Loss) per share (basic) | $0.70 | -219.6% | ($0.59) | -83.4% | ($3.55) | |||||
| Income from discontinued operations | $453 | $91 | ||||||||
| Source: Annex Research | ||||||||||