Second Quarter 2018

Business Highlights

  • Total revenue of $667 million reflects Services revenue growth of 2.1 percent year over year
  • The company achieved operating profit margin of 8.1 percent, up 860 basis points year over year and non-GAAP operating profit margin of 8.3 percent, up 440 basis points year over year
  • Net income was $4 million versus a loss of $42 million in the prior-year period; Adjusted EBITDA grew 46 percent year over year to $99 million
  • Total Contract Value (“TCV”) grew 70 percent year over year in the quarter and 120 percent for the first half; new business TCV rose 102 percent year over year in the quarter and 126 percent in the first half
  • Services backlog was up 27 percent year over year to $4.6 billion
  • Diluted earnings per share of $0.07 versus a diluted loss per share of $0.83 in the prior-year period; non-GAAP diluted earnings per share of $0.39 versus $0.06 in the prior-year period


2Q18 Revenue Profile ($M)

2Q16 Profile


1H18 Non-GAAP Adjusted Revenue Profile ($M)

2H18 Non-GAAP Adjusted Revenue Profile


1H18 Revenue Profile ($M)

2H18 Non-GAAP Adjusted Revenue Profile

Selected Grantor Information​