August 8, 2008 / 10:37 PM / 10 years ago

REFILE-UPDATE 1-Affliated Computer Q4 earnings rise (Aug 7)

(Refiles to clarify that Reuters Estimates figures in paragraph 4 refer to the 2009 fiscal year)

(Recasts, adds conference call details and stock movement)

Aug 7 (Reuters) - Technology outsourcing company Affiliated Computer Services Inc (ACS.N) posted a higher quarterly profit and forecast 2009 earnings growth of about 10 percent, helped by increased new business signings.

The company also expects internal revenue growth of 6 percent to 7 percent for the fiscal year 2009 ending June 30, it said in a conference call with analysts.

The company, known as ACS, had earned $3.32 per share on revenue of $6.16 billion for fiscal year 2008.

Analysts on average are expecting the company to earn $3.92 per share on revenue of $6.64 billion for fiscal 2009, according to Reuters Estimates.

Net income for its latest fourth quarter rose to $98.6 million, or $1.01 a share, from $37.6 million, or 37 cents per share, a year ago.

Excluding items, the company earned 95 cents a share.

Revenue rose to $1.61 billion from $1.52 billion.

Analysts on average had expected earnings of 93 cents a share excluding special items, on revenue of $1.62 billion.

Commercial signings represented 75 percent of new business signings and government contracts added 25 percent for the latest fourth quarter.

Business process outsourcing contributed 82 percent of new business signings while 18 percent revenue came from information technology outsourcing.

Shares of the Dallas, Texas-based company closed down 74 cents at $49.20 Thursday on the New York Stock Exchange. (Reporting by Kuganandhan Paramanandan in Bangalore; Editing by Gopakumar Warrier)

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