another both We for Perspecta and Perspecta outstanding year. Thank with entire pleased completed mission to this to fourth I'm delivered Mike. strong the the joining report extremely together and of team. operational thank you, successful financial success. you customer afternoon’s become And we have all quarter, that on proud us call. I'm joined performance results one in
tirelessly safe like health and fight professionals, thank this families times. and would all of are work that saying responders disease. to by start during Now to let me you hope first workers to We your all challenging and continued these frontline the care healthy we
safety talented and incredibly to we together in performance dedicated our response most are taken view have committed We this of reinforces and remain that my employees way bonded ensure our has to the in and industry. of team end. crisis the proud the have health that We to and employees the steps
want messages. four I today, to Now, key share
discuss our I'll the our undertaken performance quarter a response second, the provide in excellent with we on development during and third, fourth, impact and update. business COVID-XX business with and the I'll you pandemic business; the our First, operational to year; actions results; fiscal continued strong long-term target have and fourth dealing
begin has by by Turning everyone to heartfelt who affected expressing sympathy me been Slide X, for let our COVID-XX.
a employees the teleworking distancing, health social extended and screenings, As a workforce. and priority our to our And virtual sanitation heightened help temperature onsite of and the we've actions first company, to including is safety employees, our mitigate taken number risks meetings. procedures, of
are less corporate maintain the regular of We workforce cannot work to operational and business areas of robust manager us which cadence. plan, X% our not able are employees government the actions, a business In also facilities from because than ready where Through efforts have our associated groups secured XXXX by the this classified a has during recover section CARES disrupted to costs are regularly where situations, cross but led the intelligence has organization, convenes agencies Act, impact a delayed assembled host daily to These these manage fee. state response allowed and our executive of seeing or and workforce functional, to across coronavirus that leaders meetings management company. throughout with primary We've unable our Section these continuity bill our COVID-XX. under been and the we're accessible. we
and has minimal performed we security disruptions to business. critical have deemed we essential been national infrastructure our work seen far the to and pandemic, this During thus
business and our ensure to support mission operations. critical We have precautions extra implemented remain offices to open
to Importantly, we challenging customers' support through missions our continue times. these
Now In both Comfort Navy prepare Mercy March, you. customer examples hospital assisted and our share let with to compelling USNS we me ships few a for deployment.
upon We expedited to request Comfort arrival the New the in conductivity equipped California onsite them Angeles. with members in in the allow Mercy ships our service York upon the to rapid and we IT for redundancy of while Los options providing assist arrival team
increased We Along capacity numbers unclassified extreme COVID-XX our also remotely with to to access service capability from remote Perspecta XXX,XXX dramatically assisted factor XX,XXX from and capacity the the and access session XXX,XXX improve the work online seats, in XXX,XXX web our Navy Navy their XX crisis. bandwidth during highly customer to required to teammates, in incrementally days. network by broadband XX
new a in collaboration capability state-of-the-art XXX service implementing tools. Microsoft implemented supported we enterprise Navy Office and desk Additionally, scalable the
Now XXX% telework, including for call and of XXX of managed equipped course XX to convert we over to customer just days, and one DoD another the seamlessly customer, capabilities. support our employees centers routing
We services, to government are background continuing component to provide operations. a investigative critical
while uninterrupted fully been hours maintain engaged in to nation. had to order service our without reduced investigators teleworking Our
implemented remote during with and as pilot innovative confidence business to is possible. not usual preserve that of other we will this process successfully We and pandemic when select solutions the programs integrity develop customers continue the investigative
identified employee within where donation companywide We been masks match. an We has have repercussions whose temporary are a employees, to where possible. program, developed and be a We've time company work may programs by disruptions, as established stipend many result the skills who employees pandemic. to the caused regular other reassignment off a assist and of to paid hardships facing our the disrupted for programs this
safe our executing challenging mission. situations we Finally, a to customers’ our employees helping dedicated remain support unique to while our objective these navigate manner and in
plans state site process normal to what state, call site we'd are TXMX. address new by or developing to the We by transition
return employees can safe and our So in efficient manner. a
managers. and by phased We are a program implementing approach coordinated with our government approved
not our results. perspective, organization a proud extremely and properly quarter a the did have handle entire of impact our obstacles this the we levels all to across by of From way created I'm pandemic. the material team responded financial fourth
shortly. based the in or circumstances XXXX will which potential reflected FY on Our in in guidance, and information XXXX at the best address FY play time are this John impact estimate
comment Slide all I to on financial key want again to We once second, turning expectations performance. our X, Now financial on metrics. exceeded our
on We are and targets. of surpassing commitments. clearly our This the quarter gross against margin, straight our our ability marks It earnings strategy. demonstrates cash eighth delivering execute our to
expectations the rate in to performance adjusted exceed conversion cash of quarter enabled also year top-end margins for high-end share free earnings fiscal us meeting our our EBITDA Our also guidance range. revenue per and flow of achieving and for the while our the
year-over-year was X% forma up pro year, adjusted full up compared FY up to EPS was year-over-year. and diluted was X% year-over-year For the X% revenue Adjusted XXXX. EBITDA
full and at million prior flow, In $XXX XXX% detail our commitment income. year generated free more building adjusted XXXX, business. net a performance that again keep of of of target We on conversion provide increase of an the we’ll the going, to and cash drivers XX% once insight and FY exceeded our momentum into over rate our
on flow. growth We of strength our are or and We providing NGEN our year free generate the information of cash sustained network including ability revenue SMIT business, to the detail more XXXX. of fiscal estimated portion impact drive insight believe in the will additional into additional strong provide this
quarter’s billion business. we our Bookings awards $X.X of development winning awards momentum new another builds new continues Third, of business ratio quarter We results. for in drive and on X.X XX% confidence a business were of were growth. saw us book-to-bill to for to This a of QX totaled our had our times, work win excellent Perspecta. with ability and and give the XX%
ratio X.X book-to-bill a XX%. with recorded We business of new XX times an approximate percentage of year
quarters, eight billion. We XXXX book-to-bill our last quarterly bookings in X.X times. fiscal achieved total the Over of averages year $X.X
our represented of are new number. to forward new that our Excluding times ratio XX% business key SMIT, is book-to-bill X.X customer our approximately the base. fueling NGEN and growth demonstrates ability to year wins our strength for the grow organic These moving and and business
end fourth total the the fourth backlog Funded at sequentially. increased the fiscal of year At to billion, compared the billion, XXXX. was was of backlog which end which $XX.X the $X quarter was of quarter flat third quarter,
and funded was billion a billion. $XX.X was backlog backlog total $X.X NGEN, Excluding
decision $XX three $XX new Our business. of is billion submitted qualified percent already year opportunities which plus and includes of pipeline billion awaiting of proposals XX
timeframe, X% up our Over of for revenue year we about the only have three recompete. same
focused business team and and new place resources put winning so. we in on the have do So to remain continue to
us for XXXX positioned development than well as with new FY strong XXXX confident This revenue performance guidance. are we with our has very X% less business business FY
strengthen Figueredo. on SAIC. leadership Now, further as and to I Orlando involvement mapping left our taking development to want the We new has organic We're President, created our The thinking Perspecta intimate just Intelligence Intel back. the customer the his us organization him Group. to strategic Orlando and across Orlando team, Technology was powerful for and evolving DXC Development joins welcome Business a before cloud and for to touch Vice will knowledge rejoined forward of business opportunities from growth. thrilled look support combination transformations a to his place community. in digital position addition
are our also targets XXXX FY for three evening introducing we finally, updated and our our this Fourth have guidance and business. year
on the we foundation Now, those developments remain every I serve that take. decision want We priorities, key as focused targets. to we spend support for strategy six and our some time and discussing action strategic make some which every
success of Perspecta driven emerging choice; the cybersecurity and three, trusted and six marketplace; shape transformation accelerate solve infused our Number critical across partner number research five, mission workforce utilizing customers' analytics; cloud IT number solutions Labs in lead innovative and our challenges four, number intelligence through intelligent artificial our tools and machine and portfolio. innovation applied be finally, one, enable market; customers' solutions; IT application number mission the number dominance two, learning with
Now well execute that we this against plan. continue to is and strategy working
of acquisition XXXX, the enhancing And positions transformation, the further Point existing portfolio. with Department Information Homeland digital the Knight and Perspecta cloud property Defense and at now the emphasis we new Through FY complement strong Security hold capabilities around cyber of System intellectual in franchise Agency.
market patented enhance the they the and trademark, three Zeus our us technologies, priorities. our and Specifically, top differentiate strategic in and and position significantly cloud and Cloudscene,
that Perspecta offerings across NGEN FY and they our our XXXX. added and innovation enhance service to develop to patents portfolio win Our in Labs solutions XX leverage continues further new we
At month we robust, including EW, and to to grounded EW technology innovative this prototyping with or technical air Earlier and capability. life manned acquisition enhanced and offer electronic maintenance solutions capability rapid prototyping will developer acquisition a strategic across cycle further multiple announced a of and warfare Labs’ tuck-in of deployment, niche DHPC, solutions Perspecta cyber this market-leading and integration comprehensive, missiles. from enhance designing unmanned full domains, the
key certifications. We emphasize strategic to to support recently announced want I our direction. several further
DevSecOps using in validates and certification Perspecta’s competency This across web we federal ability recently achieved of government our securely advanced cloud-based status. efficiency First, the technology the DevOps second quarter, attained building to solutions upon delivery Amazon competency services, drive the government. AWS
the Second, federal and a competence costs, is our solution applications security competency Microsoft within we complement achieved provider, sort across migration Microsoft to Cloud competency And cloud web upper designation occasion increase termed status. we this Azure, Microsoft ecosystem. the to Microsoft which services government. and improve move existing for most the of with agility, partner, With the existing of Amazon XXX, companies level a to gold reduce Office identifies Microsoft level Dynamics and CSP AWS expertise and our Solutions. as These cloud competencies Solutions have ability XXX highest the cloud
savings differentiates and customers a competencies on us their suite well and infrastructure the cloud platform to services Now environments. across the while by implementing cloud-enabled multi-cloud government technology legacy showcasing premier platform. of combined our customer on and deep our technology expertise our hybrid optimal from gain cloud host as and infrastructure innovation. cloud-based experience services benefits Together, customers performance, we Perspecta agility, cost services expertise mission backed to are Labs in enterprise-wide computing ServiceNow leading-edge workloads the partner by to full our of of Perspecta’s enabling We services, as attainment research with and in these our Additionally,
and of wins to can over industry FY in growth flow. three-year These we the the and limited over next leading organic new ramp revenue The years, three strategic our generate developments continue that our strong and recompete clear growth, margins business cash and program excluding our risk a deliver towards XXXX provide strong NGEN horizon. free competence business a us secured path FY planning SMIT continued XXXX organic provide in
as commitment customers, keeping by and implement to they financial serving our government by pursuing support excited mission agenda customers, partnering partners We the committed solutions business technical We’re delivering the with technology, our opportunities, innovation companies while our and leading federal for results. of to strong grateful technology customers the remain our differentiators, NGEN future drive for growth new and and for critical and transformation in investing our shareholders. people, to all IC and large by
that, call the With John. let over turn me to
