Electronic Data Systems Corp. (EDS) - Early History, Growth As A Unit Of Gm, Reorganization After Spinoff By Gm

Electronic Data Systems Corp. (EDS) is the largest information systems and business process services firm in the United States. Second only to IBM Corp. in the worldwide systems consulting market, EDS offers network operations, systems integration, data center administration, applications development, and management consulting. In the late 1990s, at the prompting of new CEO Dick Brown, EDS began overhauling its own internal operations with the e-business technology it had spent years selling to other clients. The restructuring paid off as annual sales in 2000 reached $19.22 billion, compared to $18.5 billion in 1999. More importantly, the Plano, Texas-based firm's earnings more than doubled, from $420.9 million to $1.1 billion, over the same time period.