EDS tripled its net income in the April-June period from a year ago by selling a software business and killing a money-draining contract, the company said.

EDS, which runs computer systems for other companies, said Wednesday that it earned $270 million, or 54 cents per share, in the second quarter, compared to $88 million, or 18 cents per share, a year earlier.

Excluding one-time gains and losses, including the sale of its PLM software unit, EDS said it would have lost $16 million, or 3 cents per share.

That narrow loss matched the forecast of analysts surveyed by Thomson First Call.

Revenue in the most recent quarter rose to $5.24 billion from $5.06 billion, slightly ahead of analysts' forecast of $5.17 billion.

EDS narrowed its expectation of full-year earnings to between 20 cents and 30 cents per share. It had forecast 20 cents to 40 cents per share. Revenue is expected to be about flat with 2003.

By: DocMemory
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