Perot Systems 3Q Profit Rises 10% On Higher Margins
DOW JONES NEWSWIRES
Perot Systems Corp.'s third-quarter profit increased 10% as widening margins
offset lower revenue.
On Tuesday, Dell Inc. (DELL) completed its acquisition of the provider of
information-technology services in a move to expand on its core personal-
computer business to match rivals that offer wider ranging products and
services.
Perot Systems reported a profit of $33 million, or 27 cents a share, up from $
30 million, or 25 cents a share, a year earlier. Revenue declined 12% to $629
million.
In August, the company projected earnings of 23 cents to 25 cents on revenue
of $620 million to $640 million.
Gross profit grew to 19.4% from 17.4%.
Dell is scheduled to report its fiscal third-quarter results on Nov. 19.
-By John Kell, Dow Jones Newswires; 212-416-2480; john.kell@dowjones.com
(END) Dow Jones Newswires
11-06-091711ET
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