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

Affiliated Computer Services Inc

CIK: 2135
Exhibit 99.1
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.


The following information was filed by Affiliated Computer Services Inc on Thursday, April 30, 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Definitive Proxy Statement (Form DEF 14A)
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Affiliated Computer Services Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2009 10-K Annual Report includes:

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SEC Filing Tools
CIK: 2135
Form Type: 10-Q Quarterly Report
Accession Number: 0000950134-09-010229
Submitted to the SEC: Mon May 11 2009 9:32:17 AM EST
Accepted by the SEC: Mon May 11 2009
Period: Tuesday, March 31, 2009
Industry: Computer Processing And Data Preparation

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