Annual report pursuant to Section 13 and 15(d)

Concentrations of Credit Risk and Major Customers

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Concentrations of Credit Risk and Major Customers
 12 Months Ended
Sep. 30, 2012
Concentrations of Credit Risk and Major Customers  
Concentrations of Credit Risk and Major Customers

3. Concentrations of Credit Risk and Major Customers

 

Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of accounts receivable, billed and unbilled.

 

The Company operates predominantly in the United States. Revenue from foreign-based projects and offices was 26%, 32%, and 27% of total revenue for the years ended September 30, 2012, 2011 and 2010, respectively.

 

In fiscal 2012, approximately 61% of our total revenue was derived from state and local government agencies whose programs received significant federal funding; 26% from foreign customers; 9% from federal government agencies; and 4% from other sources, such as commercial customers.

 

The Company has three customers who each provide over 10% of the Company’s annual revenues; the government of the Commonwealth of Australia and the governments of the States of California and Texas. Revenue from Australia is exclusively within the Human Services segment and revenue from Texas and California is principally recorded by the Human Services segment. The proportion of revenue recognized from each of these customers is as follows:

 

 

 

Year ended September 30,

 

 

 

2012

 

2011

 

2010

 

Texas

 

18

%

16

%

16

%

Australia

 

16

%

19

%

16

%

California

 

10

%

11

%

12

%