Tech outsourcing company Affiliated Computer Services Inc posted a slightly stronger than expected quarterly profit thanks to new business signings.
Affiliated Computer, which competes with Accenture Ltd and Computer Sciences Corp to provide data center management and payment processing, reported net income in the fourth quarter ended June 30 of $97.5 million, or 99 cents a share, down from $98.63 million, or $1.01 a share, a year earlier.
Excluding items, Affiliated Computer posted a profit of $97.1 million, or 99 cents a share, compared with $93.10 million, or 95 cents a share, a year earlier. That was ahead of analysts estimates for $94.17 million, or 96 cents a share.
Revenue rose 6 percent from a year ago to $1.7 billion from $1.61 billion. Analysts had expected $1.68 billion, according to Reuters Estimates.
Shares in Dallas, Texas-based Affiliated Computer held steady in after-hours trading after closing down 1.6 percent at $46.92 on the New York Stock Exchange.
(Reporting by Clare Baldwin; Editing by Carol Bishopric)