First Quarter 2019

Business Highlights

  • Services revenue grew 7.7 percent year over year (11.7 percent on a constant-currency basis); Services non-GAAP adjusted revenue grew 7.3 percent year over year, the highest quarterly rate since 2003.
  • Total 1Q19 revenue of $695.8 million versus $708.4 million in prior-year period (reflective of the additional $53 million of revenue recorded upon adoption of ASC 606 in 1Q18), up 2.3 percent on a constant-currency basis; Total non-GAAP adjusted revenue grew 5.9 percent year over year, the highest quarterly rate since 2014.
  • Services backlog was stable year over year at $4.7 billion.
  • Company raises full-year guidance for non-GAAP adjusted revenue from +1%-+4% year-over-year growth to +2-+5% year-over-year growth and reaffirms guidance for non-GAAP operating profit margin and adjusted EBITDA margin.


1Q19 Revenue Profile ($M)

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1Q19 Non-GAAP Adjusted Revenue Profile ($M)

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