FY & 4Q 2019

Business Highlights

  • Total revenue grew 4.4% year over year; Total non-GAAP adjusted revenue grew 6.1%, representing the second-consecutive year of year-over-year growth and the highest annual growth since 1998
  • 2019 operating profit margin of 8.1% versus 10.1% in prior-year period (reflective of 180 basis points of additional operating profit margin that resulted from revenue recorded upon adoption of ASC 606 in 1Q18); 2019 non-GAAP operating profit margin expanded 10 basis points year-over-year to 9.0%
  • 2019 Services operating profit margin expanded 140 basis points year-over-year to 4.2%; 2019 non-GAAP adjusted Services operating profit margin expanded 120 basis points year-over-year to 3.6%
  • 2019 operating cash flow grew $50.0 million year-over-year to $123.9 million; 2019 adjusted free cash flow grew $65.0 million year-over-year to $127.0 million
  • Company achieves guidance ranges for all guided metrics
  • The company recently announced the sale of its U.S. Federal business. For details related to this sale, please see press release and other materials on the company’s Investor Relations website.


FY19 Non-GAAP Adjusted Revenue Profile ($M)

FY19 Non-GAAP Adjusted Revenue Profile ($M)


FY19 GAAP Revenue Profile ($M)

FY19 GAAP Revenue Profile ($M)


4Q19 Non-GAAP Adjusted Revenue Profile ($M)

4Q19 Non-GAAP Adjusted Revenue Profile ($M)


4Q19 GAAP Revenue Profile ($M)

Selected Grantor Information