Key Developments For Deltek, Inc.
Deltek, Inc. (PROJ.O) (Nasdaq)
Deltek Inc. Issues Q4 2009 Guidance; Revenue Guidance Below Analysts' Estimates-Conference Call
Deltek Inc. announced that for fourth quarter of 2009, it expects revenue to be in the range of $65-$66 million, non-GAAP operating income to be in the range of $15-$17 million, which results in operating margin of approximately 23 to 25%, non-GAAP operating income excludes the impact of approximately $2.6 million of stock based compensation expenses and approximately $1 million of intangible amortization expenses, GAAP earnings per share (EPS) to be in the range of $0.09-$0.11 and non-GAAP EPS to be in the range of $0.12-$0.14. According to Reuters Estimates, analysts were expecting the Company to report revenue of $69 million and EBIT of $15 million and EPS of $0.13 for the same period.
Goba Chooses Deltek Inc.'s Deltek Vision
Deltek Inc. announced that it is to supply and implement Deltek Vision, the solution for professional services firms of all sizes, to Goba (PTY) Limited.
Deltek Inc. Announces Resignation Of Mark L. Wabschall As CFO-Form 8-K
Deltek Inc. reported in its Form 8-K that on July 29, 2009, Mark L. Wabschall resigned as Executive Vice President, Chief Financial Officer and Treasurer of the Company.
Deltek Inc. Issues Q3 2009 Outlook; Revenue Outlook In Line With Analysts' Estimates; Earnings Outlook Above Analysts' Estimates-Conference Call
Deltek Inc. announced that for the third quarter of 2009, it expects total revenue to be between $64 million and $66 million, non-GAAP operating income to be in the range of $13.5 million to $15.5 million, which represents an operating margin of approximately 21% to 23%. Non-GAAP operating income excludes the impact of approximately $2.4 million of stock-based compensation expenses and approximately $1.2 million of intangible amortization expenses. GAAP earnings per share (EPS) is expected to be in the range of $0.08 to $0.10 per share. On a non-GAAP basis, the Company expects EPS to be in the range of $0.11 to $0.13 per share. GAAP and non-GAAP EPS targets assume an effective tax rate of approximately 38% and an average share count of approximately 64.5 million shares. According to Reuters Estimates, analysts were expecting the Company to report revenue of $65 million, EBIT of $10.4 million, non-GAAP EPS of $0.108 and GAAP EPS of $0.0667 for the same period.
Deltek Inc. Announces Release Of Cobra 5.0
Deltek Inc. announced the release of Cobra 5.0, the enterprise cost and earned value management solution for government contractors and other project-based businesses. By delivering tight control over project costs, insight into mission-critical project data and the ability to easily calculate and report on earned value, Cobra 5.0 helps organizations better manage project and program performance. In addition, Cobra 5.0 enables government contractors to manage the impact of increased government oversight and provides key components of government mandated compliance programs.
