Electronic Data Systems Corp. (EDS) world's second largest technology services company and Germany based financial service organization Daimler Financial Services Americas have signed a three-year outsourcing agreement where EDS will manage the financial service company’s entire information technology gamut.
Texas-based EDS under the contract will move Daimler Financial’s as many as 150 servers plus the mainframe computers to EDS data centers in Auburn Hills and Sacramento, Calif. 
The news came following a good third quarter result.
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A year to the day since it announced its 2006 third-quarter results, global IT services company EDS today revealed 6% year-over-year revenue growth and an 80% jump in earnings in the quarter ended Sept. 30.
Total revenue in the third quarter reached $5.6 billion, up from $5.3 billion in the year-earlier period. On an organic basis, which is measured on constant currencies and excludes the impact of acquisitions and divestitures, revenue growth was 4%.
Thanks to the contract, EDS in the next six months will add more employees in its Detroit center.
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