Wait, don't miss out on the latest GovCon industry news!

Sign Up Now! GovCon Wire provides you with Daily Updates and News Briefings

*By clicking "Join us now" you agree to receive email, promotions and general messages from GovCon Wire, In addition, you also agree to GovCon Wire Privacy Policy and Terms & Conditions.

X Remind me Later

NCI’s Terry Glasgow Discusses Positive Financial News

NCI has released fiscal numbers for the second quarter of 2010.

According to the firm, “for the second quarter of 2010, NCI reported revenues of $126.6 million compared to $108.5 million for the second quarter of 2009, with an organic revenue growth rate of approximately 13%. We define our organic growth rate as the increase in revenue, from period to period, excluding the effect of acquisitions. Operating income for the second quarter of 2010 was $9.1 million, compared to $8.7 million for the second quarter of 2009. Operating margin of 7.2% for the second quarter of 2010 compared with an operating margin of 8.0% for the same period in 2009. Net income for the second quarter was $5.4 million compared to $5.1 million for the same period in 2009. Diluted earnings per share for the second quarter were $0.39 per share, compared to $0.37 per share for the comparable period in 2009. The effective tax rate for the second quarter of 2010 was 39.5% compared to 39.8% for the comparable period in 2009. Diluted shares outstanding for the second quarter of 2010 were 13.9 million shares compared to 13.8 million shares for the second quarter of 2009.”

“We are very pleased to report that we have been awarded the Rapid Response Program 3rd Generation Contract from the U.S. Army Communications-Electronics Command, ” said NCI president Terry Glasgow. “This contract will provide support to DoD, and other Federal Agencies across a very broad range of engineering, program management and C4ISR services. This multiple award IDIQ contract is for a five year period of performance and has a ceiling price of $16.4 billion. We are excited with the possibilities that this new contract provides for NCI as we position for growth in 2011 and beyond.”

GovCon Wire Logo

Sign Up Now! GovCon Wire provides you with Daily Updates and News Briefings about Technology

Related Articles