EDS sees huge growth in Asian IT outsourcing

George Newstrom, president EDS Asia Pacific, talks to FinanceAsia about outsourcing, the finance industry and the death of ATMs.

Electronic Data Systems EDS bills itself as the world's leading pure-play global IT services company. By pure-play it means that it isn't coming from a background of selling hardware, or databases. And if its revenues are anything to go by, this strategy seems to be working. EDS reported revenues of $18.5 billion in 1999, and a new business strategy aims to have its revenue from the Asia Pacific region double every two years.

As part of that strategy EDS opened its Asia Pacific headquarters in Hong Kong earlier this month to further build on its 15 years of operations in the region that have seen it have the most...

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