Slides
Page 1
© 2026 Everforth, Inc. All rights reserved. www.everforth.com Technology. Engineering. Expertise. Q2 2026 Supplemental Materials
Page 2
www.everforth.com© 2026 Everforth, Inc. All rights reserved. Safe Harbor 2 Certain statements made in this news release are “forward-looking statements” within the meaning of Section 27A of the Securities Exchange Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking information includes estimates of the company’s future financial and operating performance. Certain data and statements in this presentation, other than those setting forth strictly historical information, are forward-looking and are not guarantees of future performance. Actual results from these estimates might differ materially. Forward-looking information includes estimates of future financial and operating performance. Our future performance is subject to various risks and uncertainties, which are set forth in our reports filed with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2025, as filed with the SEC on February 25, 2026. We specifically disclaim any intention or duty to update any forward-looking information contained in this presentation. Notes to the financial and operating information (page 12) are an integral part of the information presented herein.
Page 3
www.everforth.com© 2026 Everforth, Inc. All rights reserved. Consumer & Industrial 23% TMT 14% Financial Services 13% Healthcare 12% Business Services 8% Defense & Intel 13% Q2 2026 2026 2025 CHANGE Cash Flows from Operating Activities: Before Changes in Operating Assets and Liabilities 62.2$ 71.1$ (12.5%) Changes in Operating Assets and Liabilities, Net (10.0) 53.8 (118.6%) Cash provided by Operating Activities 52.2$ 124.9$ (58.2%) Capital Expenditures (5.9) (9.1) (35.2%) Free Cash Flow (non-GAAP measure) 46.3$ 115.8$ (60.0%) Cash used for Stock Repurchases 11.5$ 9.5$ 21.1% Q2 Net Leverage Ratio 3.1 to 1 6/30/26 12/31/25 Cash & Cash Equivalents 152.9$ 161.2$ Working Capital 523.3$ 491.9$ Long-Term Debt: Senior Secured Debt 888.1$ 619.4$ Senior Fixed Rate Unsecured Notes 550.0 550.0 1,438.1$ 1,169.4$ Stockholders' Equity 1,805.1$ 1,804.0$ 2026 2025 Operating Results Revenues 1,007.0$ 1,020.6$ Gross Profit 284.6 293.3 Net Income 14.2 29.3 Adjusted Net Income 37.2 51.6 Adjusted EBITDA 96.7 108.5 Margins Gross 28.3% 28.7% Adjusted EBITDA 9.6% 10.6% Earnings per Share - Diluted Income per Share 0.35$ 0.67$ Adjusted Net Income 0.91$ 1.17$ Diluted Shares 41.0 44.0 Q2 3 Recent Financial Performance ($’s in millions, except per share data) Cash Flow DataBalance Sheet & Other Operating Data Revenue Mix Consumer & Industrial 23% TMT 13% Financial Services 13% Healthcare 12% Business Services 8% Defense & Intel 13% Q2 2025
Page 4
www.everforth.com© 2026 Everforth, Inc. All rights reserved. Seq Y-Y Mix Consumer & Industrial 3.0% -1.8% 32.9% TMT (Technology, Media & Telecom) 4.7% 5.6% 20.6% Financial Services 4.5% -2.4% 18.9% Healthcare 0.7% -0.9% 16.7% Business Services 9.1% -6.6% 10.9% CHANGE Q2 2026 Q2 2026 Q1 2026 Q2 2025 TTM Book-to-Bill Ratio 1.2 to 1 1.1 to 1 1.2 to 1 $84.0 $88.6 $82.4 $58.4 $70.2 11.9% 12.5% 11.8% 8.6% 10.0% $5.0 $25.0 $45.0 $65.0 $85.0 $105.0 $125.0 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 $233.4 $235.9 $227.4 $209.2 $224.9 33.0% 33.2% 32.6% 31.0% 32.1% $5.0 $55.0 $105.0 $155.0 $205.0 $255.0 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 $708.1 $711.3 $698.6 $675.5 $701.7 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 4 Commercial Segment Key Metrics ($’s in millions, except per share data) Revenues Revenues by Industry Gross Profit & Margin Adjusted EBITDA & Margin Commercial Consulting Metrics
Page 5
www.everforth.com© 2026 Everforth, Inc. All rights reserved. $32.3 $33.5 $32.5 $31.1 $32.4 10.3% 11.2% 11.6% 10.6% 10.6% $5.0 $10.0 $15.0 $20.0 $25.0 $30.0 $35.0 $40.0 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 $59.9 $61.0 $56.1 $57.4 $59.7 19.2% 20.3% 19.9% 19.6% 19.6% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0% $- $10.0 $20.0 $30.0 $40.0 $50.0 $60.0 $70.0 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 $312.5 $300.1 $281.5 $292.8 $305.3 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Seq Y-Y Mix Defense & Intel 5.0% -6.6% 41.7% National Security 11.3% 7.9% 30.9% Federal Civilian -6.0% -11.2% 16.8% Federal Other 0.3% 4.5% 10.7% Q2 2026 CHANGE Q2 2026 Q1 2026 Q2 2025 New Contract Awards 169.3$ 151.3$ 71.6$ TTM Book-to-Bill Ratio 0.8 to 1 0.7 to 1 1.1 to 1 Backlog Coverage Ratio 2.3x 2.4x 2.4x 6/30/2026 3/31/2026 6/30/2025 Funded Backlog 403.9$ 451.9$ 408.5$ Unfunded Backlog 2,266.8 2,355.0 2,516.2 Total 2,670.7$ 2,806.9$ 2,924.7$ Q2 2026 2025 Firm-Fixed-Price 27.3% 27.5% Time and Materials 37.9% 41.0% Cost Reimbursable 34.9% 31.5% 5 Federal Segment Key Metrics ($’s in millions, except per share data) Revenues by Contract Type Revenues by Customer Type Contract Backlog Federal Government Segment Metrics Revenues Adjusted EBITDA & Margin Gross Profit & Margin
Page 6
www.everforth.com© 2026 Everforth, Inc. All rights reserved. 6 Q3 2026 Financial Estimates Quarterly Outlook ($’s in millions, except per share data) Key Assumptions Low - High Revenues $994–$1,024 Y-Y Revenue Change (1.7%)-1.2% Adjusted EBITDA $95.0-$105.0 Adjusted EBITDA Margin 9.6%-10.3% Adjusted Net Income $37.8-$44.8 Adjusted Net Income Per Diluted Share $0.92-$1.10
Page 7
www.everforth.com© 2026 Everforth, Inc. All rights reserved. 7 Appendix
Page 8
www.everforth.com© 2026 Everforth, Inc. All rights reserved. ($ in millions, except per share amounts) Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Revenues Commercial 731.5$ 725.7$ 718.8$ 692.7$ 2,868.7$ 672.2$ 708.1$ 711.3$ 698.6$ 2,790.2$ 675.5$ 701.7$ Federal Government 317.5 309.0 312.2 292.3 1,231.0 296.1 312.5 300.1 281.5 1,190.2 292.8 305.3 Consolidated 1,049.0$ 1,034.7$ 1,031.0$ 985.0$ 4,099.7$ 968.3$ 1,020.6$ 1,011.4$ 980.1$ 3,980.4$ 968.3$ 1,007.0$ Revenue Growth Rates (Year-over-Year): Commercial -12.1% -10.6% -8.1% -7.5% -9.6% -8.1% -2.4% -1.0% 0.9% -2.7% 0.5% -0.9% Federal Government 7.0% -3.3% -6.6% -10.2% -3.5% -6.7% 1.1% -3.9% -3.7% -3.3% -1.1% -2.3% Consolidated -7.1% -8.5% -7.7% -8.3% -7.9% -7.7% -1.4% -1.9% -0.5% -2.9% 0.0% -1.3% Statements of Operations Revenues 1,049.0$ 1,034.7$ 1,031.0$ 985.0$ 4,099.7$ 968.3$ 1,020.6$ 1,011.4$ 980.1$ 3,980.4$ 968.3$ 1,007.0$ Costs of services 752.8 733.6 730.6 699.0 2,916.0 692.9 727.3 714.5 696.6 2,831.3 701.7 722.4 Gross profit 296.2 301.1 300.4 286.0 1,183.7 275.4 293.3 296.9 283.5 1,149.1 266.6 284.6 Selling, general and administrative expenses 210.2 205.6 207.5 197.9 821.2 214.5 216.8 212.2 210.5 854.0 224.4 226.2 Amortization of intangible assets 15.1 15.1 14.0 13.9 58.1 14.3 16.9 16.8 16.8 64.8 14.5 17.3 Operating income 70.9 80.4 78.9 74.2 304.4 46.6 59.6 67.9 56.2 230.3 27.7 41.1 Interest expense (17.6) (15.8) (16.0) (14.9) (64.3) (15.4) (18.2) (17.4) (16.7) (67.7) (17.1) (20.4) Income before income taxes 53.3 64.6 62.9 59.3 240.1 31.2 41.4 50.5 39.5 162.6 10.6 20.7 Provision for income taxes 15.2 17.4 15.4 16.9 64.9 10.3 12.1 12.4 14.3 49.1 5.1 6.5 Net income 38.1$ 47.2$ 47.5$ 42.4$ 175.2$ 20.9$ 29.3$ 38.1$ 25.2$ 113.5$ 5.5$ 14.2$ Earnings per share - Diluted 0.81$ 1.02$ 1.06$ 0.95$ 3.83$ 0.48$ 0.67$ 0.87$ 0.59$ 2.60$ 0.13$ 0.35$ Diluted Shares 46.9 46.1 45.0 44.5 45.7 44.0 44.0 43.7 42.6 43.6 41.4 41.0 Cash provided by operating activities 73.3$ 90.7$ 135.8$ 100.2$ 400.0$ 16.8$ 124.9$ 83.9$ 102.3$ 327.9$ 18.5$ 52.2$ Free Cash Flow (non-GAAP measure) 62.5 85.4 127.9 88.9 364.7 6.6 115.8 72.0 93.7 288.1 9.1 46.3 2025 20262024 Selected Financial Data 8
Page 9
www.everforth.com© 2026 Everforth, Inc. All rights reserved. ($ in millions, except per share amounts) Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Free Cash Flow Cash provided by operating activities 73.3$ 90.7$ 135.8$ 100.2$ 400.0$ 16.8$ 124.9$ 83.9$ 102.3$ 327.9$ 18.5$ 52.2$ Capital expenditures (10.8) (5.3) (7.9) (11.3) (35.3) (10.2) (9.1) (11.9) (8.6) (39.8) (9.4) (5.9) Free Cash Flow (non-GAAP measure) 62.5$ 85.4$ 127.9$ 88.9$ 364.7$ 6.6$ 115.8$ 72.0$ 93.7$ 288.1$ 9.1$ 46.3$ Reconciliation of Net Income to Adjusted EBITDA Net income 38.1$ 47.2$ 47.5$ 42.4$ 175.2$ 20.9$ 29.3$ 38.1$ 25.2$ 113.5$ 5.5$ 14.2$ Interest expense 17.6 15.8 16.0 14.9 64.3 15.4 18.2 17.4 16.7 67.7 17.1 20.4 Provision for income taxes 15.2 17.4 15.4 16.9 64.9 10.3 12.1 12.4 14.3 49.1 5.1 6.5 Depreciation and other amortization 9.4 9.4 9.4 10.0 38.2 11.2 11.8 12.4 13.3 48.7 13.5 13.9 Amortization of intangible assets 15.1 15.1 14.0 13.9 58.1 14.3 16.9 16.8 16.8 64.8 14.5 17.3 EBITDA (non-GAAP measure) 95.4 104.9 102.3 98.1 400.7 72.1 88.3 97.1 86.3 343.8 55.7 72.3 Stock-based compensation 11.7 11.0 9.9 9.7 42.3 13.8 11.9 11.3 10.9 47.9 15.1 14.6 Legal settlement expense - - 3.6 3.6 - - - - - - - Software costs write-off - - - - - 4.4 - - - 4.4 - - Acquisition, integration and strategic planning expenses 1.2 1.2 1.1 1.9 5.4 3.3 8.3 4.2 10.7 26.5 12.8 9.8 Adjusted EBITDA (non-GAAP measure) 108.3$ 117.1$ 116.9$ 109.7$ 452.0$ 93.6$ 108.5$ 112.6$ 107.9$ 422.6$ 83.6$ 96.7$ Adjusted EBITDA Margin (non-GAAP measure) 10.3% 11.3% 11.3% 11.1% 11.0% 9.7% 10.6% 11.1% 11.0% 10.6% 8.6% 9.6% Reconciliation of Net Income to Adjusted Net Income Net income 38.1$ 47.2$ 47.5$ 42.4$ 175.2$ 20.9$ 29.3$ 38.1$ 25.2$ 113.5$ 5.5$ 14.2$ Legal settlement expense - - 3.6 - 3.6 - - - - - - - Software costs write-off - - - - - 4.4 - - - 4.4 - - Acquisition, integration and strategic planning expenses 1.2 1.2 1.1 1.9 5.4 3.3 8.3 4.2 10.7 26.5 12.8 9.8 Credit facility amendment expenses 1.5 - - - 1.5 - - - - - - - Tax effect on adjustments (0.7) (0.3) (1.3) (0.5) (2.8) (1.9) (2.2) (1.1) (2.8) (8.0) (3.3) (2.5) Non-GAAP net income 40.1 48.1 50.9 43.8 182.9 26.7 35.4 41.2 33.1 136.4 15.0 21.5 Amortization of intangible assets 15.1 15.1 14.0 13.9 58.1 14.3 16.9 16.8 16.8 64.8 14.5 17.3 Other (0.6) (0.6) (0.6) (0.6) (2.4) (0.6) (0.7) (0.7) (0.7) (2.7) (0.8) (1.6) Adjusted Net Income (non-GAAP measure) 54.6$ 62.6$ 64.3$ 57.1$ 238.6$ 40.4$ 51.6$ 57.3$ 49.2$ 198.5$ 28.7$ 37.2$ Adjusted earnings per share - Diluted (non-GAAP measure) 1.16$ 1.36$ 1.43$ 1.28$ 5.22$ 0.92$ 1.17$ 1.31$ 1.15$ 4.55$ 0.69$ 0.91$ Cash tax savings on indefinite-lived intangible assets 8.5$ 8.5$ 8.5$ 8.5$ 34.0$ 8.9$ 9.6$ 9.6$ 9.6$ 37.7$ 9.6$ 9.6$ 2025 20262024 Reconciliations of GAAP to Non-GAAP Measures 9
Page 10
www.everforth.com© 2026 Everforth, Inc. All rights reserved. ($ in millions) Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Revenues 731.5 725.7 718.8 692.7 2,868.7 672.2 708.1 711.3 698.6 2,790.2 675.5 701.7 Gross Margin 32.0% 32.7% 32.8% 32.6% 32.5% 32.4% 33.0% 33.2% 32.6% 32.8% 31.0% 32.1% Adjusted EBITDA 83.8$ 89.6$ 90.8$ 84.0$ 348.2$ 71.7$ 84.0$ 88.6$ 82.4$ 326.6$ 58.4$ 70.2$ Adjusted EBITDA Margin 11.5% 12.3% 12.6% 12.1% 12.1% 10.7% 11.9% 12.5% 11.8% 11.7% 8.6% 10.0% Revenues by Industry: Consumer & Industrial 207.6$ 213.1$ 216.1$ 211.3$ 848.1$ 214.2$ 235.1$ 236.0$ 231.8$ 917.1$ 224.0$ 230.8$ Technology, Media & Telecom 141.7 144.9 143.3 140.2 570.1 133.2 137.0 137.1 138.2 545.5 138.2 144.7 Financial Services 159.9 156.4 156.3 147.4 620.0 134.4 135.8 134.9 131.7 536.8 126.8 132.5 Healthcare 125.5 118.5 115.4 110.6 470.0 107.4 118.0 125.8 126.0 477.2 116.1 116.9 Business Services 96.8 92.8 87.7 83.2 360.5 83.0 82.2 77.5 70.9 313.6 70.4 76.8 731.5$ 725.7$ 718.8$ 692.7$ 2,868.7$ 672.2$ 708.1$ 711.3$ 698.6$ 2,790.2$ 675.5$ 701.7$ Commercial Consulting: Book-to-Bill Ratio 1.2x 1.2x 1.0x 1.2x 1.1x 1.2x 1.3x 1.0x 1.3x 1.2x 1.0x 1.4x TTM Book-to-Bill Ratio 1.2x 1.1x 1.1x 1.1x 1.1x 1.1x 1.2x 1.2x 1.2x 1.2x 1.1x 1.2x 2025 20262024 Commercial Segment 10
Page 11
www.everforth.com© 2026 Everforth, Inc. All rights reserved. ($ in millions) Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Revenues 317.5$ 309.0$ 312.2$ 292.3$ 1,231.0$ 296.1$ 312.5$ 300.1$ 281.5$ 1,190.2$ 292.8$ 305.3$ Gross Margin 19.7% 20.6% 20.7% 20.5% 20.4% 19.5% 19.2% 20.3% 19.9% 19.7% 19.6% 19.6% Adjusted EBITDA 32.1$ 33.8$ 33.6$ 32.2$ 131.7$ 28.4$ 32.3$ 33.5$ 32.5$ 126.8$ 31.1$ 32.4$ Adjusted EBITDA Margin 10.1% 10.9% 10.8% 11.0% 10.7% 9.6% 10.3% 11.2% 11.6% 10.7% 10.6% 10.6% Revenue Growth Rate (Year-over-Year) 7.0% -3.3% -6.6% -10.2% -3.5% -6.7% 1.1% -3.9% -3.7% -3.3% -1.1% -2.3% Revenues by Contract Type: Firm-Fixed-Price 89.2$ 92.0$ 92.6$ 93.9$ 367.7$ 90.0$ 86.0$ 84.2$ 88.5$ 348.7$ 90.2$ 83.3$ Time and Materials 131.2 136.2 128.0 126.6 522.0 126.1 128.1 117.0 103.4 474.6 106.0 115.6 Cost Reimbursable 97.1 80.8 91.6 71.8 341.3 80.0 98.4 98.9 89.6 366.9 96.6 106.4 317.5$ 309.0$ 312.2$ 292.3$ 1,231.0$ 296.1$ 312.5$ 300.1$ 281.5$ 1,190.2$ 292.8$ 305.3$ Revenues by Customer Type: Defense and Intel 150.1$ 141.6$ 141.5$ 126.9$ 560.1$ 128.9$ 136.2$ 130.7$ 130.2$ 526.0$ 121.1$ 127.2$ National Security 70.4 67.2 72.1 69.7 279.4 74.1 87.3 80.7 67.9 310.0 84.6 94.2 Federal Civilian 66.5 69.1 67.2 64.4 267.2 62.0 57.8 57.1 48.0 224.9 54.6 51.3 Other 30.5 31.1 31.4 31.3 124.3 31.1 31.2 31.6 35.4 129.3 32.5 32.6 317.5$ 309.0$ 312.2$ 292.3$ 1,231.0$ 296.1$ 312.5$ 300.1$ 281.5$ 1,190.2$ 292.8$ 305.3$ Contract Backlog at Period End: Funded 520.8$ 510.6$ 612.2$ 529.0$ 529.0$ 501.2$ 408.5$ 609.8$ 492.9$ 492.9$ 451.9$ 403.9$ Unfunded 2,368.4 2,263.8 2,516.3 2,589.6 2,589.6 2,664.4 2,516.2 2,476.7 2,455.6 2,455.6 2,355.0 2,266.8 Total 2,889.2$ 2,774.4$ 3,128.5$ 3,118.6$ 3,118.6$ 3,165.6$ 2,924.7$ 3,086.5$ 2,948.5$ 2,948.5$ 2,806.9$ 2,670.7$ New Contract Awards 197.3$ 194.3$ 666.4$ 282.5$ 1,340.5$ 343.1$ 71.6$ 461.4$ 144.2$ 1,020.3$ 151.3$ 169.3$ TTM Ratios: Book-to-Bill 0.9x 0.7x 0.9x 1.1x 1.1x 1.2x 1.1x 1.0x 0.9x 0.9x 0.7x 0.8x Backlog Coverage 2.2x 2.2x 2.5x 2.5x 2.5x 2.6x 2.4x 2.6x 2.5x 2.5x 2.4x 2.3x 202620252024 Federal Government Segment 11
Page 12
www.everforth.com© 2026 Everforth, Inc. All rights reserved. Notes 12 1. This presentation includes non-GAAP financial measures. Reconciliations from the comparable GAAP measures to the non-GAAP measures are included in the Appendix of this presentation. A description of these non-GAAP financial measures are included in the earnings release for this quarter. 2. Total Leverage Ratio is total debt to lender defined trailing twelve months of EBITDA (“lender defined EBITDA”). The calculation for lender-defined EBITDA can be found in the credit agreement filed with the SEC on November 2, 2023. Net Leverage Ratio is total debt less cash to lender-defined EBITDA. 3. The revolving credit facility available balance is $178 million after adjusting for outstanding letters of credit. 4. Industries broadly defined as: • Financial Services: banks, thrifts & mortgage services, consumer finance, capital markets, financial technology, insurance, and investment firms • TMT (Technology, Media & Telco): software applications & systems, services excluding consulting & data processing/outsourced services, hardware manufacturing & services, equipment & electronic manufacturing services, diversified Telco including wired/wireless Telco services; media, entertainment and interactive media/services • Consumer & Industrials: consumer staples, consumer discretionary, energy, materials, utility & real estate • Business Services: contractors, federal government agencies and state and local government and education, aerospace, professional services, human resource & employment, data processing & outsourced services, IT consulting, and other services • Healthcare: equipment & service providers and payers, health insurance administrators operating as diversified healthcare companies, biotechnology, pharmaceuticals and life science tools & services 5. Federal Segment revenues include Department of Defense and intelligence agencies, National Security (Department of Homeland Security and Department of Justice), Civilian, and Other (quasi-government agencies, state & local, and commercial entities). 6. Contract backlog represents the estimated amount of future revenues to be recognized under negotiated contracts and task orders as work is performed. Contract backlog excludes awards which have been protested by competitors until the protest is resolved in our favor. Contract backlog is segregated into two categories, funded contract backlog and negotiated unfunded contract backlog. There is no assurance our contract backlog will result in future revenues. 7. Funded contract backlog for contracts with U.S. government agencies primarily represents contracts for which funding has been formally awarded less revenues previously recognized on these contracts. Backlog does not include the unfunded portion of contracts where funding is incrementally awarded or authorized by the U.S. government. Backlog for contracts with non- government agencies represents the estimated value of contracts, which may cover multiple future years, less revenues previously recognized on these contracts. 8. Negotiated unfunded contract backlog represents the estimated future revenues to be earned from negotiated contract awards for which funding has not been awarded or authorized, and unexercised priced contract options. Negotiated unfunded contract backlog does not include any estimate of future potential task orders expected to be awarded under indefinite delivery, indefinite quantity (IDIQ), U.S. General Services Administration (GSA) schedules or other master agreement contract vehicles. 9. Backlog coverage ratio is calculated by dividing total contract backlog by trailing twelve months revenue. 10. New contract awards are defined as the estimated amount of future revenues to be recognized under contracts awarded during a specified period, including adjustments to estimates for contracts awarded in previous periods. There is no assurance our new contract awards will result in future revenues. 11. The book-to-bill ratio for the Federal Government Segment is the ratio of New Contract Awards to revenues for a specified period. 12. Commercial IT consulting book-to-bill ratio represents the ratio of consulting bookings to related revenues for a specified period. Commercial IT consulting accounts for approximately 50 percent of the segment’s revenues and has increased as a proportion of the segment’s revenues over time. Bookings represent the value of new contracts entered into during the period, including adjustments for changes in contract scope and contract terminations. Measuring bookings involves the use of estimates and judgments and there are no independent standards or requirements governing the calculation of bookings. There is no assurance these bookings will result in future revenues.. 13. Other amortization is related to capitalized cloud-based application implementation costs, included in SG&A expenses.