EDS Reports 2007 Third Quarter Results

EDS may not define adjusted operating margin, net income, EPS or free cash flow in the same manner as other companies and, accordingly, the amounts reported by EDS for such measures may not be comparable to similarly titled measures reported by other companies.

Non-GAAP measures are a supplement to, and not a replacement for, GAAP financial measures. To gain a complete picture of EDS' performance, management does (and investors should) rely on EDS' GAAP financial statements.

    CONTACT:
    Travis Jacobsen - Media Relations   Roxane Barry - Investor Relations
    972.797.8751                        972.605.6420
    
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    ELECTRONIC DATA SYSTEMS CORPORATION AND SUBSIDIARIES

    UNAUDITED SUMMARY OF RESULTS OF OPERATIONS
    (in millions, except per share amounts)

                              Three Months Ended       Nine Months Ended
                                 September 30,            September 30,
                              2007         2006        2007         2006
    Revenues(1)(2)          $5,629       $5,292      $16,302      $15,564

    Costs and expenses
      Cost of revenues       4,791        4,625       14,044       13,743
      Selling, general and
       administrative          476          453        1,398        1,379
      Other operating
      (income) expense           -           (1)          (1)          (6)
        Total costs
         and expenses, net   5,267        5,077       15,441       15,116

        Operating income       362          215          861          448

    Interest expense           (56)         (58)        (169)        (181)
    Interest income and
     other, net                 52           59          126          134
        Other income
         (expense), net         (4)           1          (43)         (47)

        Income from continuing
         operations before
         income taxes          358          216          818          401

    Provision for income taxes 133           86          284          129
        Income from continuing
         operations            225          130          534          272
    Loss from discontinued
      operations, net of
      income taxes(3)            -           (5)          (7)         (19)
        Net income(4)         $225         $125         $527         $253

    Basic earnings per share
        Income from continuing
         operations          $0.44        $0.25        $1.04        $0.53
        Loss from
         discontinued
         operations              -        (0.01)       (0.01)       (0.04)
        Net income           $0.44        $0.24        $1.03        $0.49

    Diluted earnings
     per share
        Income from continuing
         operations          $0.42        $0.25        $1.01        $0.52
        Loss from
         discontinued
         operations              -        (0.01)       (0.01)       (0.04)
        Net income(4)        $0.42        $0.24        $1.00        $0.48

    Weighted-average shares
     outstanding
        Basic earnings per
         share                 511          517          512          519
        Diluted earnings per
         share                 541                   546                    543                    529

        Cash  dividends  per  share  $0.05                $0.05                $0.15                $0.15
 





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