UPDATE 3-EDS pipeline strong despite rating woe, net up

Newswire

(Adds outlook for current quarter, management comment, byline) By Wei Gu NEW YORK, July 28 (Reuters) - Electronic Data Systems Corp. said on Wednesday its contract pipeline is the strongest in almost two years, despite a debt-rating downgrade to junk status two weeks ago, and it posted a higher quarterly net profit in line with its earlier outlook. EDS, the world's second-largest computer services company, said its net profit tripled, aided by a one-time gain from the sale of a ...

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