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  • retiredexaon retiredexaon Aug 16, 2011 1:52 PM Flag

    Bye Bye Defense Contracts

    So, how goes the commercial side of the house?

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    • Well according to the conference call, great!

      With $0.9 billion bookings in the quarter alone. (but NPS was the same).

      For BSS Year-over-Year (YoY) growth was up 17 percent. But last quarter the revenue was $821 million versus $961 million this quarter. But last quarter NPS and MSS were 1.85 and 1.94 times larger than BSS respectively.

      This quarter NPS and MSS are just 1.54 and 1.68 times larger than BSS. So while BSS's growth looks good, it simply was starting with a lower revenues than NPS or MSS, because BSS was collapsing. So any improvement looks disproportionately large.

      So the BSS story is really that it just didn't die and has apparently simply regained consciousness.

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