Affiliated Computer Services Inc (2135) SEC Filing 10-Q Quarterly report for the period ending Tuesday, March 31, 2009

Exhibit 99.1

FOR IMMEDIATE RELEASE

ACS Announces Third Quarter Fiscal Year 2009 Results
Company Reports Record New Business Signings of $342 Million and
Record Adjusted Earnings Per Share of $1.00

DALLAS, Texas: April 30, 2009 — Affiliated Computer Services, Inc. (NYSE: ACS)

Key highlights from the third quarter of fiscal year 2009:

	•		Record new business signings of $342 million of annual recurring revenue
	•		Record adjusted diluted earnings per share of $1.00
	•		Total revenue growth of 5%, excluding divestitures
	•		Internal revenue growth of 3%
	•		Adjusted operating margin of 11.3%
	•		Free cash flow of $46 million, or 3% of revenues
	•		Cash balance of $497 million at March 31, 2009

ACS today announced third quarter fiscal year 2009 revenues of $1.61 billion, a 5% increase, excluding divestitures, compared to the prior year quarter. Internal revenue growth was 3%. Third quarter fiscal year 2009 adjusted non-GAAP diluted earnings per share was $1.00, including costs of $0.02 per diluted share related to Project Compete, the Company’s global production initiative. Adjusted non-GAAP diluted earnings per share for the comparable prior year period was $0.91. See “Reconciliation of Reported GAAP Results to Adjusted Non-GAAP Results” below.

Third quarter new business signings totaled $342 million of annual recurring revenue with an estimated total contract value of $1.6 billion, both of which are records for the Company. Trailing twelve month new business signings were a record at $957 million of annual recurring revenue, a 29% increase over the prior comparable period. Trailing twelve month total contract value of new business signings was a record at $4.0 billion, a 32% increase over the prior comparable period.

Total contract value of all signings, including new business signings, renewals and non-recurring revenue, was $2.7 billion for the third quarter of fiscal year 2009. Trailing twelve month total contract value of all signings was $8.8 billion.

Operating cash flow for the third quarter of fiscal year 2009 was $142 million, or 9% of revenues. Capital expenditures and additions to intangible assets increased to $96 million, or 6% of revenues. Free cash flow was $46 million, or 3% of revenues. The Company’s cash balance was $497 million at March 31, 2009.