UPDATE 2-ACS quarterly earnings beat Street, gives mixed outlook

viernes 30 de enero de 2009 00:24 CET
 

* Q2 earnings of 85 cents beat estimates

* Q2 revenue narrowly misses expectations

* Cuts lower end of FY 09 outlook

* FY 09 earnings outlook beats estimates (Adds details from conference call)

Jan 29 (Reuters) - Technology outsourcing company Affiliated Computer Services Inc (ACS.N: Cotización) posted a quarterly profit that beat market estimates on strong revenue growth at both its key segments and expects third-quarter revenue to rise 7 percent to 8 percent.

The company cut the lower end of its fiscal 2009 revenue outlook by 1 percentage point. It now expects internal revenue growth of 5 percent to 6 percent. [ID:nWNAB5998]

Its earnings forecast of $3.70 to $3.75 a share for the year was ahead of the comsensus estimates of $3.69 a share.

For the third quarter, it forecast earnings of 92 cents to 95 cents a share, while analysts were looking for 93 cents a share.

In the second quarter, its commercial segment grew 7 percent, contributing 60 percent to revenue. Its government business grew 8 percent, excluding divestitures, making up 40 percent of revenue.   Continuación...