Affiliated Computer breaks into Fortune 500

By Ed Frauenheim
Staff Writer, CNET News

Affiliated Computer Services has cracked the ranks of the Fortune 500 for the first time on the strength of business process outsourcing. The Dallas-based company specializes in information technology outsourcing and business process outsourcing, a fast-growing practice in which a company gives over control of tasks such as data entry, claims processing and billing. In the April 14 issue of Fortune, Affiliated ranked 488 on the list of the largest U.S. corporations, with revenue of $3.1 billion for the year ended June 30, 2002. CEO Jeff Rich said breaking into the Fortune 500 "serves as a testament to the growing importance of business process outsourcing and the continuing good work of our people."

Despite its achievement, Affiliated remains much smaller than other IT services companies in the Fortune 500. IBM, which has a large services wing, ranked 8th this year, while Electronic Data Systems ranked 80th and Computer Sciences ranked 167th.

Latest tech news headlines

ShirtsMyWay: Like The Sims, but for menswear
Posted in Crave by Jeff Sparkman

December 5, 2009 8:00 AM PST
MediaNet could power the online music revolution
Posted in Digital Noise: Music and Tech by Matt Rosoff

December 4, 2009 9:43 PM PST
PC Tools Internet Security 2010 reviewed
Posted in The Download Blog by Seth Rosenblatt

December 4, 2009 6:13 PM PST
See all headlines

RSS Feeds

Add headlines from CNET News to your homepage or feedreader.

More feeds available in our RSS feed index.

Markets: Market news, charts, SEC filings, and more; Related quotes; Dow Jones Industrials (0.22%) 22.75 10,388.90; S&P 500 (0.55%) 6.06 1,105.98; NASDAQ (0.98%) 21.21 2,194.35; CNET TECH (0.29%) 4.71 1,602.07

Inside CNET News

Scroll Left Scroll Right

The Download Blog
Google Chrome now bundled with Avast
You wouldn't necessarily expect it, but Avast and Google Chrome might be the next peanut butter-and-jelly combo in the software world.
Gallery
Top-rated reviews of the week (photos)
The Open Road
In mobile, do developers or consumers matter most?
Apple took the lead in mobile by appealing to consumers, but Google could surpass the iPhone if it can marry a strong developer story with consumer sex appeal.
Beyond Binary
Windows 7 family pack starting to sell out
Microsoft had said it was a "while supplies last" offer and, sure enough, supplies are starting to run out. It's still available at Amazon, though.
Video
Microsoft's new mapping tricks
Digital Noise: Music and Tech
MediaNet could power the online music revolution
The company's been around for years, but a recent change in strategy means any Web site can easily offer a huge catalog of tracks for streaming and playback, with no up-front fee. Get ready for music everywhere.
Video
A window into the Microsoft Store
Green Tech
'Green' gas and diesel get boost in biofuel grants
Federal government pumps more than $600 million in projects to demonstrate advanced biofuels, including cellulosic ethanol and plant-based replacements for diesel, jet fuel, and gasoline.
Technically Incorrect
Bartender, gimme a beer from outer space
Japanese brewer Sapporo launches a beer it says is made from barley grown on the International Space Station. The 250 winners of a lottery for it will each receive a six-pack.
Gallery
Solar Impulse aircraft flies, briefly (photos)
Crave
ShirtsMyWay: Like The Sims, but for menswear
A company offers customers the choice to customize men's dress shirts via its Web interface. "Project Runway," here I come.
30 Days of Innovation
Build muscle, charge your phone with YoGen
Easy Energy will launch the YoGen at CES 2010, a mobile charger that solely relies on hand power. The pocket-size charger lets you generates energy by repeatedly pulling a ripcord.