Vangent announced its first quarter 2010 financial results.
The firm reported “revenue from continuing operations of $194.2 million for the quarter ended April 3, 2010, an increase of $61.3 million or 46.0% compared to $132.9 million in the year ago period.”
“We are pleased with our first quarter results, ” said Mac Curtis, president and CEO. “Our strong revenue, profitability and cash position reflects consistent execution in our core Government Group business, including our work supporting the 2010 U.S. Census. We also are pleased with the continued growth of our health solutions business including our expanding Military Health System portfolio. Overall, we are well positioned for the remainder of 2010 as we continue to identify and capitalize on opportunities with the Obama Administration’s healthcare reform legislation and other policy initiatives. Our recent investments in corporate development are paying off and a significant number of new business opportunities are under evaluation.”