Slide 1: 3rd Quarter Fiscal 2007
Slide:1 David N. Walker Chief Financial Officer and Treasurer 3rd Quarter Fiscal 2007 August 7, 2007
Slide 2: Third Quarter FY2007 Results
Slide: 2 Title: Third Quarter FY2007 Results Body: Revenue totaling $196.6 million Net loss of $14.4M or a loss of $0.65 per share Loss was a result of previously announced settlement and legal charge; generated an after-tax charge of $1.30 per share Excluding legal charge, 3rd Quarter EPS was $0.65
Slide 3: Results by Business Segment
Slide: 3 Title: Results by Business Segment Body: Operations Segment benefited from the new Texas contract, strong organic growth and margin expansion Revenue totaled $139.9M for Q3'07 compared to $131.2M Q3'06 Normalized for large hardware sale and divested business, reflects a 22% growth increase;
Slide 4: Balance Sheet and Cash Flow Items
Slide: 4 Title: Balance Sheet and Cash Flow Items Body: Cash, Cash equivalents, and marketable securities of $214.8 million Accounts Receivables totaled $160.7 million; $1.9 million in long-term accounts receivables Relative to Q2'07 receivables decreased $4.7M; revenue increased $17.5M DSOs improve
Slide 5: 3rd Quarter Fiscal 2007 - Richard A. Montoni
Slide: 5 Richard A. Montoni President and Chief Executive Officer 3rd Quarter Fiscal 2007 August 7, 2007
Slide 6: Third Quarter Results
Slide: 6 Title: Third Quarter Results Body: Met expectation for the period, excluding legal impacts Shift in quality of business portfolio reflected in financial results Better project management Increased oversight Improved terms Retained UBS to help explore strategic alternatives and maximize shar
Slide 7: Client and Employee Outreach
Slide: 7 Title: Client and Employee Outreach Body: Reinforced our commitment to providing superior solutions Technology driving convergence of services Increase IT capabilities to complement our programmatic expertise Employees are our greatest asset, distinguishing the Company in the government ser
Slide 8: Segment Results
Slide: 8 Title: Segment Results Body: Operations Segment: solid quarter across the board Texas made a strong contribution; result of four interim agreements reached with the State Finalizing details of longer-term contracts Expect to have in place by September 1, 2007 Three contracts to run for anot
Slide 9: New Sales Awards and Pipeline
Slide: 9 Title: New Sales Awards and Pipeline Body: $423 million new awards signed 60% of new signed awards from Operations Segment Over 50% of new signed contracts carry total values between $5M and $45M Reflects new, less volume-driven work in core business of health and human services $339 millio
Slide 10: Conclusion and Guidance
Slide: 10 Title: Conclusion and Guidance Body: Fiscal 2007 now expecting total revenue of $740 million to $750 million; GAAP loss of $0.35 to $0.45 Excluding Texas project losses as well as legal and settlement expense, non-GAAP pro forma EPS for FY 2007 expected to be in the range of $2.00 to $2.10