Affiliated Computer Services, Inc. is building on its strengths and aligning its operations to focus on reaching $10 billion in revenue by 2010, company executives told attendees of the company’s inaugural industry analyst and advisor meeting earlier this week.
ACS President and CEO Lynn Blodgett and members of his leadership team told about 50 industry analysts and advisors that the company will continue focusing on its expertise in business processes, information technology, and applied technology, and building on its deep client relationships to contribute to its 2010 goal.
"A company does not become a $10 billion dollar company in the same way it became a $5 billion company," said Blodgett. "ACS has a tremendous legacy of growth but we are now moving into the next phase of our expansion. We are aligning our management team, our strategy, and our business model to continue our growth."
He noted that ACS advanced 47 places on the latest FORTUNE 500 list, ranking at #424. The latest ranking is based on the company’s fiscal year 2006 revenues of $5.3 billion, a 23% increase over the previous year. ACS is the only FORTUNE 500 Company in the IT Services industry category to improve its ranking. The latest ranking also noted that ACS led the information technology services companies among key financial performance metrics, including:
— Profit as a percentage of revenue (#1)
— Profit as percentage of assets (#1)
— Profit as a percentage of stockholders equity (#1)
— Earnings per share annual growth rate (1996-2006) of 22% (#1)
— Total return to investors (1996 – 2006) annual rate of 13% (#2)
— Overall profit ranking at #3
"I am proud of our ACS team for achieving the #1 ranking in so many key financial metrics," said Blodgett. "This kind of performance does not happen without an engaged and motivated workforce providing world-class service to our clients."
Key pillars of ACS’ growth include its traditionally strong transactional business process outsourcing expertise; information technology outsourcing; its end-to-end human resource outsourcing capability; its global customer care capabilities; and finance and accounting outsourcing services. The company will also continue its focus on markets where it has experienced growth, including government sector capabilities — at the federal, state and local levels; healthcare; transportation; and financial services.