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On September 17, 2020, Perspecta Inc. (NYSE: PRSP) announced that Mike Kirkland, Senior VP of Offerings and Solutions Development, was honored in the 2020 FCW Federal 100. This recognition highlights leaders who effectively leverage technology to enhance government operations. With over 30 years of experience in critical defense and intelligence programs, Kirkland leads a team focused on innovative solutions for government challenges. He also contributes to federal and industry advisory groups, influencing the advancement of government tools and standards.
Perspecta Inc. (NYSE: PRSP) has received a follow-on award valued at $98.4 million from the U.S. Department of Education to continue its support for the Federal Student Aid Information Center (FSAIC) over the next three years. Since 2015, Perspecta has provided customer service through a multi-channel contact center, managing over 23 million interactions across various platforms. The company's effective service is recognized as crucial for FSA constituents, enhancing its reputation and solidifying its ongoing relationship with the Department of Education.
Perspecta Inc. (NYSE: PRSP) has been awarded a new contract from the U.S. Department of Homeland Security (DHS) for Data Center Two (DC2) Support Services. This indefinite delivery/indefinite quantity contract has a ceiling value of $112 million and includes a two-year base with two six-month options. Perspecta will provide managed services, including data center hosting, engineering, application migration, and retirement support. The contract aims to aid DHS in its efforts to consolidate and optimize data centers, reinforcing Perspecta's status in managed IT services.
Perspecta Inc. (NYSE:PRSP) reported financial results for Q1 FY2021, ending July 3, 2020. Revenue reached $1.11 billion, a slight increase year-over-year, driven by contract growth despite a $23 million COVID-19 impact. Net income decreased to $(3) million from $31 million a year ago. Adjusted EPS was $0.47, down 10% year-over-year. Contract awards totaled $1.2 billion with a book-to-bill ratio of 1.1x. The company plans a dividend of $0.07 per share on October 15, 2020, signaling ongoing shareholder returns.
Perspecta Inc. (NYSE: PRSP) announced the appointment of Damian DiPippa as senior vice president and general manager of its intelligence group on August 3, 2020. DiPippa, who brings over 25 years of experience in the Intelligence Community, will lead a team focused on providing systems engineering, data analytics, and software development for national and military intelligence customers. His prior roles include senior vice president at ManTech and various positions at Northrop Grumman. DiPippa holds a degree in aerospace engineering and a master’s in business leadership.
Perspecta Inc. (NYSE: PRSP) announced the appointment of Jennifer Swindell as senior vice president and general manager of its risk decision group on July 28, 2020. Swindell brings nearly 20 years of experience from Booz Allen Hamilton, where she held senior roles, including overseeing U.S. departments of Justice, Homeland Security, and Transportation accounts. Her responsibilities will include advancing trusted workforce initiatives and managing background investigations services. Swindell holds degrees from Wesleyan University and Duke University, enhancing her leadership expertise.
Perspecta Inc. (NYSE: PRSP) has secured a prime contract from DARPA for the Fast Network Interface Cards (FastNICs) program, potentially valued at $37 million over four years. The project aims to enhance the speed of complex computing tasks, achieving up to 100x faster performance through the development of a 10 terabit-per-second network interface. Perspecta Labs will utilize its expertise to create innovative hardware and software solutions, focusing on secure and efficient networking.
Perspecta Inc. (NYSE: PRSP), a leading provider of government services in the U.S., announced plans to release its first quarter and fiscal year 2021 earnings on August 6, 2020, after market close. A conference call with the executive team will follow at 5:00 p.m. EDT. Participants can access the call through designated phone lines or via a webcast on the company’s investor relations page. Perspecta emphasizes its commitment to innovation and growth through a diverse portfolio catering to various government sectors.