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Press Release: Perspecta announces financial -4-

· 02/05/2021 17:05
Selected Segment Measures (Unaudited) Fiscal Quarter Ended January 1, 2021 December 31, 2019 (in millions, Civilian Civilian except profit Defense and and Health Defense and and Health margin) Intelligence Care Total Intelligence Care Total Revenue $ 795 $339 $1,134 $ 813 $313 $1,126 Segment profit $ 105 $43 $148 $ 115 $39 $154 Non-GAAP adjustments (a) -- -- -- 2 1 3 Adjusted segment profit (b) $ 105 $43 $148 $ 117 $40 $157 Segment profit margin 13.2 % 12.7% 13.1 % 14.1 % 12.5% 13.7 % Adjusted segment profit margin (b) 13.2 % 12.7% 13.1 % 14.4 % 12.8% 13.9 % Notes: (a) Non-GAAP adjustments include non-operating net periodic pension benefit, and certain separation-related and other costs. Each of the individual items was immaterial for the fiscal quarters ended January 1, 2021 and December 31, 2019. (b) Adjusted results represent non-GAAP financial measures, and it should be considered in addition to, but not as substitute for, the information provided in accordance with GAAP. Reconciliation of Reportable Segment Profit to Income Before Taxes (Unaudited) Fiscal Quarter Ended (in millions) January 1, 2021 December 31, 2019 Total profit for reportable segments $ 148 $ 154 Not allocated to segments: Share-based compensation (10) (6) Amortization of acquired intangible assets (60) (54) Restructuring costs (2) -- Separation, transaction and integration-related costs (7) (20) Interest expense, net (28) (34) Other income and (expense), net 4 35 Income before taxes $ 45 $ 75

Perspecta delivers IT, mission, and operations-related services across the U.S. federal government through two reportable segments--Defense and Intelligence, which provides services to the U.S. Department of Defense (DoD), intelligence community, branches of the U.S. Armed Forces, and other DoD agencies; and Civilian and Health Care, which provides services to the Departments of Homeland Security, Justice, and Health and Human Services, as well as other federal civilian and state and local government agencies. The following tables summarize reportable segment profit and reconciliation of reportable segment profit to income before taxes:

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SOURCE Perspecta Inc.

/CONTACT: Investors: Michael Pici, Vice President, Investor Relations, 571-612-7065, michael.pici@perspecta.com; Media: Lorraine M. Corcoran, Vice President, Corporate Communications, 571-313-6054, lorraine.corcoran@perspecta.com

(END) Dow Jones Newswires

February 05, 2021 17:05 ET (22:05 GMT)