Second Quarter 2019

Business Highlights

  • Total revenue grew 12.9% year over year (16.5% on a constant-currency basis)
    • Total non-GAAP adjusted revenue grew 12.0% year over year, the highest quarterly rate in over 20 years
    • U.S. Federal sector revenue grew 33.1% year over year
  • Operating profit margin expanded 340 basis points year over year to 11.5%
    • Non-GAAP operating profit margin expanded 370 basis points year over year to 12.0%
  • Operating cash flow of $50.9 million, up $62.6 million year over year
    • Free cash flow of $11.3 million, up $67.9 million year over year
  • Diluted EPS increased 6 times year over year to $0.42
    • Non-GAAP diluted EPS increased 123% year over year to $0.87
  • Company reaffirms full-year guidance


2Q19 Revenue Profile ($M)

2Q19 Revenue Profile ($M)


2Q19 Non-GAAP Adjusted Revenue Profile ($M)

2Q19 Non-GAAP Adjusted Revenue Profile ($M)


1H19 GAAP Revenue Profile ($M)

1H19 Non-GAAP Adjusted Revenue Profile


1H19 Non-GAAP Adjusted Revenue Profile ($M)

1H19 Non-GAAP Adjusted Revenue Profile ($M)

Selected Grantor Information​