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Perspecta Inc.

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2021 10-Q, filed Feb 5, 2021. Its latest SEC filing is a 15-12B from May 17, 2021.

The sections below describe the company as of the FY2020 annual report.

What Did They Do?

Provides enterprise IT, mission and operations services to U.S. federal agencies and selected state and local governments.

How Did They Make Money?

Government customers contract Perspecta to provide IT and other services; the company earns revenue over time as it performs the work. Its service contracts can run from six months to more than ten years.

revenue

Who Were Their Customers?

Government agencies hire Perspecta directly for most work; it also performs contracts as a subcontractor.

Did Revenues Turn Into Profits?

No. It lost $676M in .

Net income,
−15% of revenue
▼ Now a loss vs ($72M, 2%)

How Were They Changing?

Since the FY2020 annual report
Latest quarter: Q3 FY2021, the three months to Jan 1, 2021
Revenue
▲ +1%
vs $1.1B in Q3 FY2020
Net income
▼ −42%
vs $53M in Q3 FY2020
  • May 6, 2021 Peraton completed its acquisition of Perspecta Perspecta became a wholly owned subsidiary, and its shares were set to be delisted from the NYSE.
  • Feb 2, 2021 Chair and CEO Mac Curtis planned to retire after the acquisition closed His retirement was contingent on the closing of the Peraton acquisition.
  • Jan 27, 2021 Perspecta agreed to be acquired by Peraton The agreement called for an all-cash transaction valued at $7.1 billion.

Grew. Revenue grew 65% in 4 years, from $2.7B in to $4.5B in , about 13% a year.

Who Did They Compete With?

Competes with Leidos Holdings, Booz Allen Hamilton, CACI International, Science Applications International, ManTech International, Lockheed Martin, Northrop Grumman, General Dynamics, Raytheon, Boeing, International Business Machines, Deloitte, AT&T, Verizon Communications, Dell, Accenture, NTT Data, and CGI Group

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