EDS Australia last week reported total revenue for 2007 of A$1.2 billion (NZ$1.5 billion). At a media briefing on Friday, EDS ANZ managing director Chris Mitchell said the company's 2007 profit before tax of A$40 million (NZ$46.8 million) represented a 53% increase on its 2006 result. Mitchell said EDS has entered 2008 a stronger and more competitive company, achieving significant wins with AAPT and ANZ Bank in New Zealand. Mitchell said total contract signings for 2007 amounted to A$1.3 billion. Other significant wins included a contract extension with the Commonwealth Bank to deliver desktop and other end-user services to 44,000 desktops as well as contract extensions with the South Australian government for mainframe and distributed computing services. Moreover, EDS continues to support Australian Customs as a successful supplier of applications services. "We have made significant progress on our three horizon strategy by stabilising our business base and improving profitability by more than 770% since 2005," Mitchell said. In addition to implementing a new industry alignment strategy, EDS launched the Australia Defence Services business and Go for Green initiative to drive further growth. "Our financial priorities include driving sustainable operating margin and free cash flow improvement, enhancing our capabilities in higher-margin applications services, and expanding and improving our global delivery model," he said. — with Sandra Rossi
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