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Atos Origin confirms 2006 organic growth target despite revenue slip
 
  
   
 
 
 
 
 
 
 operations and falling
revenues at its main
unit.
   For the quarter ended
March 31st, 2006, Atos
Origin said sales fell
to €1.34bn from €1.36bn
a year earlier. Analysts
were expecting revenues
to be around €1.37bn.
   The managed
operations business,
Atos' main revenue
generator, saw a 3% drop		 
 in revenues to €669m for
the quarter. At constant
scope and exchange
rates, the unit showed a
0.7% revenue increase.
   Revenues at the
consulting arm slipped
3.2% to €103m, or 1.2%
at constant scope and
exchange rates, which
the company said was in
line with budget.
   The disposal of the
Nordic and Middle East		 
 activities shaved €62m
off revenues in the
quarter.
   On a comparable
structure and exchange
rates, first quarter
2006 organic growth was
2.7 %, in line with
budget and the company
confirmed its forecast
for 2006, saying revenue
will grow organically by
5% or more.
   The full backlog at		 
 the end of March 2006
was over €7.5bn,
representing 1.4 x
annual revenues. The
full qualified pipeline
reached €2.7bn at the
end of March, up 21%
year on year and 5%
since the beginning of
the year. This will
support the organic
growth for the rest of
the year.
   		 
 Atos Origin reconfirmed
its 2006 organic growth
target, despite a 1%
slip in revenues for its
first quarter due to the
disposal of its Nordic
and Middle Eastern		 
 
EDS signs $1.7bn IT services agreement with Kraft Foods
 
  
   
 
 
 
 
 second-largest food and
beverage company.
   To support Kraft's
global operations, EDS
will provide a broad
range of IT services
including data centres,
hosting,
telecommunications and
workplace support
services. In addition,		 
 EDS Agility Alliance
partners, including
Dell, Microsoft, Cisco
and EMC collaborated on
the contract and will
play a key role in
providing hardware and
software solutions to
Kraft.
   As part of the
agreement, EDS will		 
 assume responsibility
for Kraft Foods' IT
infrastructure and will
manage desktop
workstations and servers
for more than 60,000
employees worldwide.
Approximately 670 Kraft
employees globally will
move to EDS.
   The agreement with		 
 Kraft represents the
largest consumer
packaged goods contract
EDS has signed in the
consumer industries and
retail sector.
  
   		 
 EDS has signed a new
seven-year, $1.7bn
global information
technology services
agreement with Kraft
Foods, the world's		 
 
LogicaCMG forges deal with ING
 
  
   
 
 
 
 
 
 application development,
application maintenance
and testing of IT
systems mainly relating
to ING's banking
operations. The
agreement is expected to
have a value of over
€200m based on a
six-year period. The		 
 final contract with ING
is expected to be signed
this summer.
   The contract is part
of the efficiency
programme of ING's
operations and IT
organisation, and is the
first in a series of
several planned		 
 outsourcing programmes
ING operations and IT
announced in 2005.
   Approximately 350 ING
employees based in the
Netherlands will join
LogicaCMG as part of
this agreement and will
continue to work for ING
as well as other		 
 LogicaCMG financial
services customers.
LogicaCMG said it will
also be able to offer
these employees a number
of career opportunities
across other sectors in
which the company
operates.
   		 
 LogicaCMG and ING have
signed a Memorandum of
Understanding (MoU) for
the outsourcing of		 
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