UPDATE 2-EDS posts higher net profit, exits large contract

Newswire

(Adds revenue and outlook) NEW YORK, July 28 (Reuters) - Electronic Data Systems Corp. , the world's second-largest computer services company, posted a higher quarterly net profit on Wednesday, in line with its preliminary report, and said it has reached an amicable agreement to terminate a large commercial contract. Net profit tripled, aided by a one-time gain from the sale of a software unit. But EDS said it now expects the loss from its money-losing $8 billion Navy contract to be ...

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