FY & 4Q 2018

Business Highlights

  • Total revenue grew 3.0 percent year over year; Total non-GAAP adjusted revenue grew 80 basis points year over year
  • Services revenue grew 2.5 percent year over year; Services non-GAAP adjusted revenue grew 2.1 percent year over year
  • Services backlog was up 13 percent year over year to $4.8 billion, the second-consecutive year of growth in year-end backlog
  • Company achieved or exceeded guidance for all guided metrics for the third-consecutive year, since reinstating providing guidance three years ago
  • Net income increased to $75.5 million versus a net loss of $65.3 million in 2017; Adjusted EBITDA margin expanded to 15.3 percent, up 50 basis points year over year
  • Diluted earnings per share was $1.30 versus a diluted loss per share of $1.30 in 2017; non-GAAP diluted earnings per share was $1.95 versus $2.49 in 2017 (year-over-year decline driven principally by unusually high tax benefits in 2017)


FY18 Non-GAAP Adjusted Revenue Profile ($M)

4Q18 Profile


FY18 GAAP Revenue Profile ($M)

4Q18 Profile


4Q18 Non-GAAP Adjusted Revenue Profile ($M)

4Q18 Non-GAAP Adjusted Revenue Profile


4Q18 GAAP Revenue Profile ($M)

4Q18 GAAP Revenue Profile ($M)