4Q and Full Year 2015

Business Highlights

TY2015

  • Total revenue of $3,015M, down 2% in constant currency year-over-year
    • Services revenue of $2,606M, up 2% in constant currency year-over-year
    • Technology revenue of $409M, down 22% in constant currency year-over-year
  • Non-GAAP operating profit margin of 5.8% before cost reduction charges and other expense and pension expense.
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4Q15

  • Services revenue growth of 2% in constant currency; fourth consecutive quarter of year-over-year growth in constant currency.
  • Non-GAAP operating profit margin of 12.1% before cost reduction charges and other expense and pension expense, a 100 basis point improvement.
  • Non-GAAP diluted EPS of $1.58 before cost reduction charges and other expense and pension expense.
  • Free cash flow rose 73% year-over-year to $63M; Adjusted free cash flow of $117M doubled year-over-year before cost reduction payments and pension contributions.
  • Exited 2015 with $100M in annualized savings from cost reduction actions completed in the year.


4Q15 Revenue Profile

4Q15 Revenue Profile 


2015 Revenue Profile

2015 Revenue Profile