Perot Systems Reports a 50% Earnings Per Share Increase

for the Second Quarter Dallas (PROTEXT) - Perot Systems Corporation (NYSE: PER)reported for its second quarter, ended June 30, 1999: -- Earnings per share (diluted) of $.15 as compared to $.10per

share for the same quarter in 1998, an increase of 50%. -- Net income for the quarter of $16.9 million versus $10.1

million for the same period in the prior year, an increaseof

67%. -- Revenue for the quarter was $282.3 million, an increase of18%

over revenue of $238.6 million reported in the same periodfor

1998. -- Operating (EBIT) margin of 9.1%, Pretax Income margin of

10.0%, and Net Income margin of 6.0% were all-time highs. -- Cash balances grew to $207.9 million, from $68.3 millionas of

June 30, 1998, an increase of $139.6 million or 204%. For the six months ended June 30, 1999, Perot Systemsreported: -- Earnings per share (diluted) of $.29 as compared to $.20per

share for the same period in 1998, an increase of 45%. -- Net income of $33.1 million versus $19.1 million for thesame

period in the prior year, an increase of 73%. -- Revenue of $556.6 million, an increase of 23% over revenueof

$452.7 million reported in the same period for 1998.

Perot Systems Corporation

Income Statement and Balance Sheet Highlights

Quarter and Six Months Ended June 30, 1999

(Millions of USD, except per share amounts)

Quarter Ended June 30

1998

1999 % Change Revenue

$238.6 $282.3

18% EBIT

16.8

25.8

54% Net Income

10.1

16.9

67% Earnings Per Share (diluted)

$.10

$.15

50%

Six Months Ended June 30

1998

1999

% Change Revenue

$452.7 $556.6

23% EBIT

31.8

50.6

59% Net Income

19.1

33.1

73% Earnings Per Share (diluted)

$.20

$.29

45%

As of June 30

1998

1999

% Change Cash

$68.3 $207.9

204% Total Assets

331.6 523.4

58% Total Liabilities

216.1 216.6

--- Stockholders' Equity

115.5 306.8

166% Perot Systems, based in Dallas, Texas, is a leadinginformation technology services and business solutions companywith revenues of approximately $994 million for 1998. PerotSystems serves clients in various industries including financialservices, healthcare, energy, and travel & transportation, withmore than 6,000 employees in North America, Europe, and Asia.ots Original Text Service: Perot Systems Corporation Internet:http://www.newsaktuell.de Contact: Kim Testa of Perot SystemsCorporation Tel.: (USA) 972-340-6727 or Fax: (USA) 972-340-6788or email: Kim.Testa@ps.net Web site:http://www.perotsystems.com

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