ROSS PEROT'S TROUBLED NEW company appears to be turning around. His seven-year-old Perot Systems--it runs computer operations for corporations, a business known as outsourcing--won some big deals early on. But it got trounced by giants such as IBM, Andersen Consulting, and Electronic Data Systems, which he founded. Dallas-based Perot Systems was taking such a beating that its future was in doubt in 1993 and 1994's first half. It won virtually no new business.

Then, the privately held company staged a comeback by focusing less on outsourcing and more on customized computer systems for Corporate America. It's now snagging deals again--more than 50 in 1995 alone--including a seven-year, $100 million contract with Tenet Healthcare in Santa Monica, Calif., that it announced on July 18. This year, profits could hit $20 million on a 12% rise in revenues, to $330 million, say analysts.

Perot, who owns 20% of the company, should thank his longtime buddy Morton Meyerson, who took over as chairman in 1992. Meyerson is considering a possible public stock offering in 1996. That could bring a nice return for billionaire Perot. Maybe just enough spare change to finance another White House bid.

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