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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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