First Quarter 2018

Business Highlights

  • Total revenue increased 6.6% year over year; non-GAAP adjusted revenue declined 1.4% year over year
  • Operating profit margin increased 1110 basis points year over year to 14.4%; non-GAAP operating profit(6) margin increased 60 basis points year over year to 7.2%
  • Technology revenue grew 76.6% year over year; non-GAAP adjusted Technology revenue grew 9.7% year over year
  • Total Contract Value(1) (“TCV”) and new business TCV were up 174% and 145% year over year, respectively
  • Services backlog was up 26% year over year and 10% sequentially, to $4.7 billion, the highest level since 4Q14


1Q18 Revenue Profile ($M)

Profile Chart 


1Q18 Non-GAAP Adjusted Revenue Profile ($M)

Profile Chart 

Selected Grantor Information​