Affiliated Computer Services Inc (2135) SEC Filing 10-Q Quarterly report for the period ending Monday, March 31, 2008

Affiliated Computer Services Inc

CIK: 2135

Exhibit 99.1
  Investor Contact   Media Contact
  Jon Puckett   Kevin Lightfoot
  Vice President   Vice President
  Investor Relations   Corporate Communications
  Affiliated Computer Services, Inc.   Affiliated Computer Services, Inc.
  214-841-8281   214-841-8191
ACS Announces Third Quarter Fiscal Year 2008 Results
Company Delivers Strong Signings, Earnings and Cash Flow
DALLAS, TEXAS: May 1, 2008 – Affiliated Computer Services, Inc., (NYSE: ACS), today announced third quarter fiscal year 2008 revenues of $1.54 billion, an increase of 7% compared to the third quarter of the prior year. Adjusted non-GAAP diluted earnings per share for the third quarter of fiscal years 2008 and 2007 were $0.91 and $0.78, respectively, representing a 17% increase. See “Reconciliation of Reported GAAP Results to Adjusted Non-GAAP Results” below. Third quarter new business signings were the second highest in Company history at $245 million of annual recurring revenue. Third quarter fiscal year 2008 free cash flow was $161 million, or 10% of revenues.
Fiscal year-to-date revenues were $4.55 billion, an increase of 7% over the prior year period. Adjusted non-GAAP earnings per share for the nine months ended March 31, 2008 and 2007 were $2.58 and $2.24, respectively, representing a 15% increase. Fiscal year-to-date new business signings were $591 million of annual recurring revenue, a 30% increase over the prior year-to-date period. Fiscal year-to-date free cash flow was $342 million, or 8% of revenues.
“Our outstanding signings, free cash flow, and strong earnings growth underscore that our strategy is working,” said Lynn Blodgett, ACS president and chief executive officer. “We are focused on providing specific vertical business process outsourcing solutions that we can leverage across many customers. In support of this strategy, this quarter we expanded our service offerings and geographic footprint with four new acquisitions and key new logos wins. These new capabilities, along with our ability to execute our sales strategy and operational excellence, delivered strong results this quarter and positions us well for the future.”

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The following information was filed by Affiliated Computer Services Inc on Thursday, May 1, 2008 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Affiliated Computer Services Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2008 10-K Annual Report includes:

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SEC Filing Tools
CIK: 2135
Form Type: 10-Q Quarterly Report
Accession Number: 0000950134-08-009096
Submitted to the SEC: Fri May 09 2008 4:22:23 PM EST
Accepted by the SEC: Fri May 09 2008
Period: Monday, March 31, 2008
Industry: Computer Processing And Data Preparation

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