| Table 2 | EDS - Financial Results & Forecast | May-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% | ||
| 1Q06 | $5,078 | 7.2% | $4,737 | |||||||
| Revenue by industry (e) | ||||||||||
| Manufact. (incl. GM) | $3,000 | 15% | -21.6% | $3,825 | 19% | -3.7% | $3,973 | 20% | ||
| Energy | $800 | 4% | 1.5% | $788 | 4% | -0.8% | $795 | 4% | ||
| Finance & Insurance | $4,400 | 22% | -7.5% | $4,759 | 24% | 19.8% | $3,973 | 20% | ||
| Government | $6,200 | 31% | -10.6% | $6,932 | 35% | 16.3% | $5,959 | 30% | ||
| Transportation | $1,300 | 7% | -10.9% | $1,460 | 7% | 5.0% | $1,390 | 7% | ||
| Communications | $1,500 | 8% | -6.6% | $1,606 | 8% | -10.2% | $1,788 | 9% | ||
| Health | $400 | 2% | -4.1% | $417 | 2% | -58.0% | $993 | 5% | ||
| Other | $2,400 | 12% | -8320.4% | ($29) | -0% | -102.9% | $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% | ||
| 1Q06 | $78 | 1.5% | 200.0% | $26 | ||||||
| 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% | ||
| 1Q06 | $24 | 0.5% | 500.0% | $4 | ||||||
| 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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