K12 Experienced Annual Net Income Growth of 36.7% (LRN, CSC)
09/14/2012

[Under the terms of the agreement, Computer Sciences Corporation will provide logistics support to the Army command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) worldwide sustainment services commodity line]

Online PR News – 14-September-2012 – Las Vegas, NV – K12, Inc. (NYSE:LRN) LRN recently announced its results for the fourth fiscal quarter and full year ended June 30, 2012. Financial highlights for the fourth quarter of fiscal year 2012 included that the company's total revenue increased 32.8 percent year-over-year to $170.4 million and their EBITDA increased to $17.7 million as compared to $6.3 million in the prior year period. Financial highlights for the full fiscal year 2012 included that the company's total revenue increased 35.6 percent year-over-year to $708.4 million and their EBITDA increased 29.7 percent year-over-year to $87.0 million. K12 Inc. experienced annnual net income growth of 36.7 percent, primarily driven by revenue growth which exceeded 35 percent. LRN, a technology-based education company, is the nation's largest provider of proprietary curriculum and online education programs for students in kindergarten through high school. Using 21st century tools to prepare 21st century students, K12 provides a new choice for students to learn in a flexible and innovative way, at an individualized pace. K12 provides curriculums and academic services to public and private online schools and districts, traditional classrooms, blended school programs, and directly to families. K12 is accredited through AdvancED, the world's largest education community. Additional information on LRN can be found at www.K12.com.

Computer Sciences Corporation (NYSE:CSC) The U.S. Army Communications-Electronics Command (CECOM) has awarded CSC a task order to provide worldwide logistics support. Awarded in the fourth quarter of CSC’s fiscal year 2012, the task order has an estimated two-year total value of $220 million and falls under the Strategic Services Sourcing (S3) contract vehicle, originally awarded to CSC in 2006. Under the terms of the agreement, CSC will provide logistics support to the Army command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) worldwide sustainment services commodity line. This task order is a consolidation of three legacy task orders under the S3 contract vehicle. Computer Sciences Corporation is a global leader in providing technology-enabled business solutions and services. Headquartered in Falls Church, Va., CSC has approximately 96,000 employees and reported revenue of $15.8 billion for the 12 months ended June 29, 2012. For more information, visit the CSC website at www.csc.com , for more information about CSC’s logistics solutions, please visit www.csc.com/logistics ,and for more information about CSC’s government solutions, visit www.csc.com/government.

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