Jeffrey Tarr: DigitalGlobe to Repurchase Shares, Explore M&A

Jeffrey Tarr
Jeffrey Tarr Jeffrey Tarr, CEO of DigitalGlobe (NYSE: DGI), has outlined the company’s strategies to build shareholder value over time following the release of its financial results for the second fiscal quarter. Tarr said Thursday DigitalGlobe is looking into mergers and acquisitions as it executes a $75 million share repurchase plan within the next two years. For the quarter ended June...

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...

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

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Mike Lawrie Computer Sciences Corp. (NYSE: CSC) generated .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 believe...

Jeffrey Tarr: DigitalGlobe Achieved Double-Digit Growth in Q1

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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...

Tom Captain of Deloitte: US Defense Firms to Increasingly Eye Foreign Military Sales

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A new Deloitte report indicates a 2.6 percent decrease in the defense sector’s total fiscal year 2013 revenue due to Defense Department-wide spending cuts last year. Deloitte analyzed the performance of several defense contractors in the U.S. and found that profitability for U.S. defense vendors rose 17.9 percent despite the revenue drop, the company said Monday. The report attributed the trend...

Boeing Sets Company Sales Record in FY 2013; Jim McNerney Comments

Jim McNerney
Boeing set a company record for sales in its 2013 fiscal year and attributed the number to sales of commercial aircraft and military equipment despite sequestration cuts on the U.S. defense budget, DoD Buzz reported Wednesday. Brendan McGarry writes the airplane maker had a 6-percent revenue increase from fiscal 2012 to $86.6 billion last year, and a 20-percent profit increase year-over-year to $7.07...

17% of Lockheed 2012 Revenue From Int’l Markets; Pat Dewar Comments

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Lockheed Martin (NYSE: LMT) plans to expand its local operations in Saudi Arabia, Japan, United Arab Emirates and India as 17 percent of its 2012 revenue came from international markets, Reuters reported Friday. Andrea Shalal-Esa writes that Lockheed operates in 70 countries and in February opened a new headquarters in Riyadh, the Saudi capital. Pat Dewar, Lockheed senior vice president for corporate...

Dell Enterprise Solutions Group Revenue Jumps 10%

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Dell (NASDAQ: DELL) has announced financial results for the first quarter of its 2014 fiscal year, reporting 10 percent higher revenue in its enterprise solutions group from the prior year period. Revenue for the quarter $3.1 billion and operating income increased 71 percent from the previous year’s quarter to $136 million. Services revenue grew 2 percent to $2.1 billion, helped driven by an...

DynCorp FY 2012 Revenue Grows 9%; Steve Gaffney Comments

Steve Gaffney DynCorp International‘s parent company has announced financial results for both its fourth quarter and full 2012 fiscal year, ended Dec. 31, 2012. Delta Tucker Holdings reported $4 billion in revenue for the full year and $1.02 billion for the quarter, respective increases of 8.7 percent and 4.6 percent over the prior year periods. Profit attributable to Delta Holdings rose 72 percent...

ICF 2012 Revenue Jumps 11%, Profit Up 9%; Sudhakar Kesavan Comments

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Sudhakar Kesavan ICF International (NASDAQ: ICFI) has announced financial results for both its fourth quarter and full 2012 fiscal year ended Dec. 31, 2012. Full year revenue increased 11.5 percent to $937.1 million and fourth quarter revenue increased 8.4 percent over the prior-year period to $232 million. Profit for the full year increased 9.2 percent to $38.1 million and fourth quarter profit rose...