Affiliated Computer Services Inc (2135) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, June 30, 2009

Affiliated Computer Services Inc

CIK: 2135
Exhibit 99.1
ACS Announces Fourth Quarter and Fiscal Year 2009 Results
Company Achieves Record Annual Revenue, Profit, Earnings Per Share, and Signings
DALLAS, Texas: August 6, 2009 — Affiliated Computer Services, Inc. (NYSE: ACS)
Key highlights from the fourth quarter of fiscal year 2009:
    New business signings of $271 million of annual recurring revenue, second highest in Company history
    Adjusted diluted earnings per share of $0.99
    Record quarterly revenue of $1.70 billion
    Total revenue growth of 6%, excluding divestitures
    Internal revenue growth of 3%
    Adjusted operating margin of 10.0%, impacted by deferred compensation
    Record free cash flow of $326 million, or 19% of revenues
    Cash balance of $731 million at June 30, 2009
ACS today announced record fourth quarter fiscal year 2009 revenues of $1.70 billion, a 6% increase, excluding divestitures, compared to the prior year quarter. Internal revenue growth was 3%. Fourth quarter fiscal year 2009 adjusted non-generally accepted accounting principles (“GAAP”) diluted earnings per share was $0.99, including costs of $1 million, or $0.01 per diluted share, related to Project Compete. Adjusted non-GAAP diluted earnings per share for the comparable prior year period was $0.95. See “Reconciliation of Reported GAAP Results to Adjusted Non-GAAP Results” below.
Fourth quarter new business signings were the second highest in the Company’s history and totaled $271 million of annual recurring revenue with an estimated total contract value of $1.2 billion.
Total contract value of all signings, including new business signings, renewals and non-recurring revenue, was $2.2 billion for the fourth quarter of fiscal year 2009.
Operating cash flow for the fourth quarter of fiscal year 2009 was a record at $426 million, or 25% of revenues. Capital expenditures and additions to intangible assets increased to $100 million, or 6% of revenues. Free cash flow was $326 million, or 19% of revenues. The Company’s cash balance was $731 million at June 30, 2009.
“Fiscal 2009 was a remarkable year for ACS as our business model demonstrated consistency and resiliency amidst a very difficult economic backdrop,” said Lynn Blodgett, ACS president and chief executive officer. “We achieved record levels of revenue, profit, earnings per share


The following information was filed by Affiliated Computer Services Inc on Thursday, August 6, 2009 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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SEC Filing Tools
CIK: 2135
Form Type: 10-K Annual Report
Accession Number: 0000950123-09-038714
Submitted to the SEC: Thu Aug 27 2009 4:22:48 PM EST
Accepted by the SEC: Thu Aug 27 2009
Period: Tuesday, June 30, 2009
Industry: Computer Processing And Data Preparation

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