For the fourth quarter of 2009, NCI reported record revenue of $125 million compared to $102 million for the fourth quarter of 2008, with an organic revenue growth rate of approximately 19%. Organic revenue growth rate is defined as the increase in revenue, from period to period, excluding the effect of acquisitions.
Operating income for the fourth quarter of 2009 was $11.5 million, compared to $8.7 million for the fourth quarter of 2008. Operating margin of 9.2% for the fourth quarter of 2009 compared with an operating margin of 8.5% for the same period in 2008. Net income for the fourth quarter of 2009 was $6.7 million, compared to $4.9 million for the same period in 2008. Diluted earnings per share for the fourth quarter were $0.49 per share, compared to $0.36 per share for the comparable period in 2008.
“As we close out 2009, we celebrate NCI’s 20 year anniversary, including 20 consecutive years of growth and profitability, ” said Charles K. Narang, chairman and CEO of NCI. “We are proud of the reputation we have established for delivering on our promises to our customers, employees and stockholders.”
