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PRSP - Perspecta up 1% after earnings beat guides FY21 revenue above estimates
Perspecta Inc.
Perspecta (NYSE:PRSP) +1% after yesterday's Q4 results beats top and bottom line estimates.
Q4 highlights: Total revenue of $1.1B (+1% Y/Y).
Q4 adjusted EBITDA totaled $182M (-12%).
Backlog of signed business orders at the end of the quarter was $13.3B with a funded backlog of $2B.
As of March 31, 2020, Perspecta had $147M in cash and cash equivalents and $2.6B in total debt, including $247M in finance lease obligations.
Outlook: The company expects FY21 Non-GAAP EPS in the range of $1.90 to $2.03 vs. a consensus of $1.96 and revenue in the range of $4.26B to $4.41B vs. a $4.27B.