VARBusiness 500 Top Ten Best-Performing Stocks of Q1

Email this CRN article

NAME: Affiliated Computer Services (ACS)

LOCATION: Dallas, Tex.


CEO: Lynn Blodgett


STOCK PRICE JAN. 2, 2008: $43.61

STOCK PRICE MARCH 31, 2008: $50.57

PCT. CHANGE: 16.0%

SPECIALTY: Business process outsourcing

FINANCIALS: The company has in recent years been beset by investigations into stock options backdating, which led to the resignations of its CEO and CFO; a bid for the company by Cerberus Capital Management that was withdrawn last fall, and a host of resignations from its board. With all that distraction, the stock has seen good growth this quarter, and ACS plans to release its latest quarterly earnings next month. In addition, the company announced April 17 that it had agreed to buy rocket maker Orbital Sciences Corp.'s transportation management systems business for $42.5 million.

Email this CRN article