Financial Snapshot – Income Statement
History of strong organic revenue growth
- 10-year CAGR of 20%
- 2004 revenue of $926M; 2005E $1,120M - $1,140M
Long-term history of profitability
- Profitable every quarter since going public in 1986
- Met or exceeded expectations 22 of last 23 quarters
- Strengthening business model
- Increasing Recurring/Visible Revenue
- 64% of revenue in 2004 compared to 61% in 2003 and 57% in 2002 revenue
- Backlog up 23% YoY in 2005 to $1.7 billion
- Strong Managed Services Business is enhancing visibility
- Driving strong margin expansion (9% OM 2003; 12% OM 2004)
- Maintain long-term goal of 20% operating margins
- Increasing cash flow