Table 2		EDS - Financial Results & Forecast								Feb-06
				(Fiscal year end: Dec 31)
Scenario 1:			2006e	% of	Change	2005	% of	Change	2004	% of
Stemming revenue erosion			($ Mill)	Rev	06/05	($ Mill)	Rev	05/04	($ Mill)	Rev
_	_	_	_	_	_	_	_	_	_	_
Revenue									(restated)
Non-GM			$18,740	93.7%	4.4%	$17,952	90.9%	0.3%	$17,907	90.2%
GM			$1,264	6.3%	-30.0%	$1,805	9.1%	-7.7%	$1,956	9.8%
Total Revenue			$20,000	100.0%	1.0%	$19,757	100.0%	-0.5%	$19,863	100.0%
		4Q05				$5,146		1.1%	$5,088
Revenue by industry (e)
Manufact. (incl. GM)			$3,000	15%	-14.8%	$3,521	18%	-11.4%	$3,973	20%
Energy			$800	4%	10.2%	$726	4%	-8.7%	$795	4%
Finance & Insurance			$4,400	22%	0.4%	$4,381	22%	10.3%	$3,973	20%
Government			$6,200	31%	-2.8%	$6,381	32%	7.1%	$5,959	30%
Transportation			$1,300	7%	-3.3%	$1,344	7%	-3.4%	$1,390	7%
Communications			$1,500	8%	1.5%	$1,478	7%	-17.3%	$1,788	9%
Health			$400	2%	4.2%	$384	2%	-61.3%	$993	5%
Other			$2,400	12%	55.5%	$1,543	8%	55.4%	$993	5%
Costs
Cost of Non-GM Revenue			$16,459	87.8%	4.2%	$15,798	88.0%	-4.0%	$16,464	91.9%
Various charges & credits (incl. above)
Cost of GM Revenue (e)			$1,137	90.0%	-30.0%	$1,625	90.0%	-7.7%	$1,760	90.0%
Total Cost of Rev.			$17,596	88.0%	1.0%	$17,422	88.2%	11.5%	$18,224	91.7%
Gross Profit/Margin			$2,404	12.0%	2.9%	$2,335	11.8%	42.5%	$1,639	8.3%
Expenses
Restructuring Charges						($26)			$170
Selling, Gen.&Admin.			$1,655	8.3%	-9.0%	$1,819	9.2%	15.8%	$1,571	7.9%
Total Costs & Exp.			$19,252	96.3%	0.2%	$19,215	97.3%	-3.8%	$19,965	100.5%
Oper. Profit (Loss)			$748	3.7%	38.1%	$542	2.7%	-631.4%	($102)	-0.5%
		4Q05				$244		55.4%	$157
Interest Expense/Income, Net			$100	0.5%		$103	0.5%		$272	1.4%
Income(Loss) B. Tax			$648	3.2%	47.7%	$439	2.2%	-217.4%	($374)	-1.9%
Income Tax			$220	1.1%	44.1%	$153	0.8%	-248.5%	($103)	-0.5%
" Rate			34.0%			34.9%			27.5%
Accounting change charge
Net Income (Loss)			$428	2.1%	49.7%	$286	1.4%	-205.5%	($271)	-1.4%
		4Q05				$112		111.3%	$53
Earnings (Loss) per share (basic)			$0.82		49.7%	$0.55		-201.9%	($0.54)
Income from discontinued operations						($136)			$429
Net Income (incl. disco'd ops)						$150		-5.1%	$158
	Source: Annex Research
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