With ACS, Xerox will gain a firm growing quickly offshore

28.09.2009
In agreeing to pay $6.4 billion for Affiliated Computer Services Inc., Xerox Corp. will gain a company that has so far weathered the recession better than many companies, maintaining a dependable revenue stream from services contracts with government agencies, health care providers and insurance companies.

ACS has also looked over the past year to control costs by increasing its reliance on people and facilities located offshore.

In a slide presented to an investors conference this month, the number of offshore consultants working on commercial projects grew by more than 60% to 31,035 in June from a year earlier. During the same period, domestic workers in the category declined by 8% to 28,324.

Overall ACS has been growing despite the recession. The company said its overall workforce, including personnel working on both commercial and government projects, now totals 74,000, up from 65,000 on June 30, 2008.

Last fall, ACS had told analysts at a briefing that it planned to move " .

In its most recent quarter ended June 30, ACS reported revenue of $1.7 billion, up 6% increase from the year-earlier period. New business contracts in the quarter "were the second highest in company's history."