Sohaib Abbasi: Informatica Posts Higher Q2 Income, Reaches $1B Annual Revenue Mark

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Informatica Corp. (NASDAQ: INFA) has announced financial results for the company’s fiscal 2014 second quarter that ended June 30. Overall Q2 revenue grew 13 percent to $250.7 million over the $222.4 million from the prior-year period and income from operations increased 30 percent to 33.8 million over the 25.9 million from the previous year, Informatica said Thursday. Sohaib Abbasi, chairman...

Raytheon Issues Dividend to Shareholders

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The board of directors at Raytheon (NYSE: RTN) has approved a quarterly cash dividend of 61 cents per share on the company’s common stock. Raytheon said Wednesday that stockholders of record at the close of business on Oct. 1 will receive the dividend Oct 30. The Waltham, Massachusetts-based defense firm reported $24 billion in sales for its 2013 fiscal year. LinkedInTweet+1E-mail

CSC Hits 10% Operating Margin for FY 2014; Mike Lawrie Comments

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Mike Lawrie Computer Sciences Corp. (NYSE: CSC) generated $1.32 billion in operating income during its 2014 fiscal year and its operating margin also rose , Washington Business Journal reported Thursday. Jill Aitoro writes CSC’s operating income for the fourth quarter ended March 28 amounted to $359 million and free cash flow for the fiscal year increased from $288 million to $689 million. “We...

Richard Montoni: ACA, Medicaid Contracts Increase MAXIMUS’ FY 2014 Guidance

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Richard Montoni MAXIMUS (NYSE: MMS) has announced financial results for the second quarter of the company’s 2014 fiscal year, ended March 31. The Reston, Va.-based government services contractor reported a 35-percent increase in revenue to $439 million from the prior year period and increased its guidance estimates for fiscal 2014 revenue to between $1.68 billion and $1.73 billion. Previous company...

Jeffrey Tarr: DigitalGlobe Achieved Double-Digit Growth in Q1

DigitalGlobe (NYSE: DGI) gained $156.5 million in revenue during the first quarter of its 2014 fiscal year ending March 31, representing a 23-percent year-over-year increase. Jeffrey Tarr, CEO of DigitalGlobe, said Thursday the company generated double-digit revenue growth in part due to expansion in its U.S. and government businesses worldwide, as well as integration programs. The earth observation...

Sohaib Abbasi: Informatica Saw Subscription Revenue, Sales Growth in Q1

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Informatica Corp. (NASDAQ: INFA) saw its revenue grow to $243.1 million for the first quarter of its 2014 fiscal year, ended March 31. The jump represents an increase of 13 percent year-over-year and includes $103.0 million in software revenues, Informatica said Thursday. “The first quarter highlights included strong subscription revenue growth and improved sales operational discipline in Europe,”...

Richard Montoni: Maximus Targets $200M in Annual Revenue From Affordable Care Act Work

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Richard Montoni Maximus Inc. (NYSE: MMS) booked $1.3 billion in revenue in fiscal year 2013 as the company worked to help individuals apply for health plan through the federal government’s ObamaCare program, Investor’s Business Daily reported Thursday. Marie Beerens writes 65 percent of that revenue came from the health services business and 35 percent accounted for human services earnings. Richard...

CenturyLink Board OKs 2-Year, $1B Share Buyback Plan

CenturyLink‘s (NYSE: CTL) board of directors has approved a plan to repurchase up to $1 billion of the company’s common stock over the next two years. The company intends to fund the purchases with free cash flow generated by the business and start the new initiative after completing its current share buyback initiative in the second quarter of its 2014 fiscal year, CenturyLink said Monday. Additionally,...

ITT FY 2013 Revenue Up 12%; Denise Ramos Comments

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ITT Corp. (NYSE: ITT) has announced financial results for both its fourth fiscal quarter and full 2013 fiscal year that ended Dec. 31, 2013. Full-year revenue grew 12 percent to $2.5 billion and fourth quarter revenue jumped 17 percent over the prior-year period to $646 million, ITT announced Friday. The technology manufacturing and engineering firm cited expansion efforts in aftermarkets, emerging...

Richard Montoni: Health Services Work Drives ‘Better Than Expected’ 1Q for MAXIMUS

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Richard Montoni Reston, Va.-based government services contractor MAXIMUS (NYSE: MMS) has announced financial results for the first quarter of its 2014 fiscal year, ended Dec. 31, 2013. The company reported 42-percent higher revenue from the prior year period, or 44 percent on a constant currency basis, going from $286.3 million to $406.6 million. MAXIMUS also raised its fiscal 2014 projections to between...