Table 2   EDS - Financial Results & Forecast Feb-06
        (Fiscal year end: Dec 31)        
Scenario 1:     2006e % of Change 2005 % of Change 2004 % of
Stemming revenue erosion   ($ Mill) Rev 06/05 ($ Mill) Rev 05/04 ($ Mill) Rev
_ _ _ _ _ _ _ _ _ _ _
Revenue                 (restated)  
Non-GM     $18,740 93.7% 4.4% $17,952 90.9% 0.3% $17,907 90.2%
GM     $1,264 6.3% -30.0% $1,805 9.1% -7.7% $1,956 9.8%
Total Revenue   $20,000 100.0% 1.0% $19,757 100.0% -0.5% $19,863 100.0%
    4Q05       $5,146   1.1% $5,088  
Revenue by industry (e)                  
Manufact. (incl. GM)   $3,000 15% -14.8% $3,521 18% -11.4% $3,973 20%
Energy     $800 4% 10.2% $726 4% -8.7% $795 4%
Finance & Insurance   $4,400 22% 0.4% $4,381 22% 10.3% $3,973 20%
Government     $6,200 31% -2.8% $6,381 32% 7.1% $5,959 30%
Transportation     $1,300 7% -3.3% $1,344 7% -3.4% $1,390 7%
Communications   $1,500 8% 1.5% $1,478 7% -17.3% $1,788 9%
Health     $400 2% 4.2% $384 2% -61.3% $993 5%
Other     $2,400 12% 55.5% $1,543 8% 55.4% $993 5%
Costs                    
Cost of Non-GM Revenue   $16,459 87.8% 4.2% $15,798 88.0% -4.0% $16,464 91.9%
Various charges & credits (incl. above)                
Cost of GM Revenue (e)   $1,137 90.0% -30.0% $1,625 90.0% -7.7% $1,760 90.0%
Total Cost of Rev.   $17,596 88.0% 1.0% $17,422 88.2% 11.5% $18,224 91.7%
Gross Profit/Margin   $2,404 12.0% 2.9% $2,335 11.8% 42.5% $1,639 8.3%
                     
Expenses                    
Restructuring Charges         ($26)     $170  
Selling, Gen.&Admin.   $1,655 8.3% -9.0% $1,819 9.2% 15.8% $1,571 7.9%
Total Costs & Exp.   $19,252 96.3% 0.2% $19,215 97.3% -3.8% $19,965 100.5%
Oper. Profit (Loss)   $748 3.7% 38.1% $542 2.7% -631.4% ($102) -0.5%
    4Q05       $244   55.4% $157  
                     
Interest Expense/Income, Net $100 0.5%   $103 0.5%   $272 1.4%
Income(Loss) B. Tax   $648 3.2% 47.7% $439 2.2% -217.4% ($374) -1.9%
Income Tax     $220 1.1% 44.1% $153 0.8% -248.5% ($103) -0.5%
" Rate     34.0%     34.9%     27.5%  
Accounting change charge                  
Net Income (Loss)   $428 2.1% 49.7% $286 1.4% -205.5% ($271) -1.4%
    4Q05       $112   111.3% $53  
                     
Earnings (Loss) per share (basic) $0.82   49.7% $0.55   -201.9% ($0.54)  
Income from discontinued operations       ($136)     $429  
Net Income (incl. disco'd ops)       $150   -5.1% $158  
                     
  Source: Annex Research          
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