ICF Third Quarter Profit Jumps 26%, Revenue 11%

ICF International (NYSE: ICFI) released its financial results for the third quarter ended Sept. 30, 2011.

The company reported its quarterly net income grew 26.3 percent year-over-year to $9.3 million while earnings per diluted share rose 23.7 percent to 47 cents.

The company also reported that it generated $218.7 million in total revenue, a 10.6 percent increase over the $197.7 million it reported for the third quarter of 2010.

Organic revenue grew 10.1 percent over that period.

“This was a record sales quarter for ICF, demonstrating our increasingly strong competitive position in priority areas of government and commercial spending,” said chairman and CEO Sudhakar Kesavan. “Additionally, third quarter contract awards reflected our ability to leverage our domain expertise to capture larger implementation contracts.”

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