EDS to Release Third Quarter Earnings on October 29

    EDS to Release Third Quarter Earnings on October 29 
                                        
            Company Expects Earnings to Be in Line With Consensus 
 
    PLANO, Texas, Oct. 22 -- EDS (NYSE: EDS) today 
announced it will postpone the release of its third quarter earnings to 
Wednesday, October 29.  EDS said the company and its auditors need additional 
time to complete their review of the cumulative application of new accounting 
policies.  
    As previously announced, the company is adopting the new EITF 00-21 
accounting policies on a retroactive basis.  The company and its auditors 
requested clarification on its application of these policies from the SEC 
staff.  That clarification was received late last week.   
    EDS expects to meet current analyst consensus earnings of 32 cents per 
share on a pre-EITF basis, excluding restructuring charges and divestiture 
gains.  As previously stated, the company believes adoption of the new 
accounting will reduce its pro forma earnings by approximately 65-75 percent 
in the second half the year.  
    Prior to the release of third quarter earnings, the company plans to issue 
historical data on a quarterly pro forma basis for 2001 and 2002.  In 
addition, the first two quarters of 2003 will be adjusted to reflect 
application of EITF-0021. 
    EDS will now broadcast its conference call with securities analysts live 
on the Internet at 4 p.m. central time [5 p.m. eastern] Wednesday, October 29, 
following the release of its third quarter 2003 earnings.  To access the call 
and to view related financial information, go to www.eds.com/call .  
Participation will be listen-only mode. 
    You will need Windows MediaPlayer or Real Player to listen to the call.  
If you are unable to listen during the live Web cast, the call will be 
archived for 30 days at www.eds.com/call .  
 
    About EDS 
    EDS, the premier global outsourcing services company, delivers superior 
returns to clients through its cost-effective, high-value services model. EDS' 
core portfolio comprises information-technology and business process 
outsourcing services, as well as information-technology transformation 
services. EDS' two complementary, subsidiary businesses are A.T. Kearney, one 
of the world's leading high-value management consultancies, and PLM Solutions, 
a leader in product data management, collaboration and product design 
software. With 2002 revenue of $21.5 billion, EDS is ranked 80th on the 
Fortune 500. The company's stock is traded on the New York and London stock 
exchanges.  Learn more at www.eds.com . 
 
     CONTACT: 
     Jeff Baum - EDS 
     972-797-9495 
     [e-mail] 
 
SOURCE  Electronic Data Systems Corporation 
    -0-                             10/22/2003 
    /CONTACT:  Jeff Baum of Electronic Data Systems Corporation,  
[phone], or [e-mail] / 
    /Photo:  NewsCom:  http://www.newscom.com/cgi-bin/prnh/20011004/EDSLOGO-b 
              AP Archive:  http://photoarchive.ap.org                    
              PRN Photo Desk, [e-mail] / 
    /Web site:  http://www.eds.com  
                http://www.eds.com/call / 
    (EDS) 
 





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