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  • Thursday, April 18, 2024

SRA Announces FY10 2ndQ Numbers

SRA International, Inc. (NYSE: SRX) has announced operating results for the second quarter of fiscal year (FY) 2010, which ended December 31, 2009.

Revenue for the quarter was $413.5 million, up 12.0% from $369.3 million in the December 2008 quarter. All of the revenue growth was organic. Operating income for the quarter was $28.1 million, for an operating margin of 6.8%. Net income was $19.2 million, for a net margin of 4.6%. Diluted earnings per share (DEPS) for the quarter were $0.33.

“We’re proud to report strong organic growth and continued improvement in cost management and execution, ” said Stan Sloane, president and CEO of SRA.  “We are focused on making investments in business development to spur growth, and our backlog and pipeline of opportunities are robust.”

Executive Vice President and CFO Rick Nadeau added, “Given our solid results and business momentum we are raising our guidance for expected revenue and earnings for fiscal year 2010.”

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