First Quarter 2016

Business Highlights

  • Non-GAAP operating profit margin of 2.9% before cost reduction charges and pension expense, a 320 basis point improvement from the prior year.
  • Diluted loss per share of ($0.80) versus ($0.87) in 1Q15.
  • Non-GAAP diluted EPS of $0.11 before cost reduction charges and pension expense versus a non-GAAP diluted loss per share of ($0.32) in 1Q15.
  • Free cash flow improved by $90M year-over-year; adjusted free cash flow before cost reduction payments and pension contributions increased $100M year-over-year.
  • $25M in annualized savings from cost reduction actions achieved during the quarter.
  • Cost reductions support 200 bps year-over-year improvement in Services operating margin and 1,290 bps increase in Technology operating margin.
  • 6th consecutive quarter of year-over-year growth for the U.S. Federal business.


1Q16 Revenue Profile ($M)

1Q16 Revenue Profile