SRA Fiscal Numbers Show Strong Growth; Stan Sloane Comments

SRA International (NYSE: SRX) reported estimate-beating growth in both earnings per share and revenues.

The firm reported the following: “Net income increased to $20.9 million or $0.36 per share from $17.48 million or $0.30 per share a year ago.  Excluding special items, adjusted income would have been $21.15 million or $0.36 per share for the quarter.  On average, 13 analysts polled by Thomson Reuters expected earnings per share of $0.33 for the quarter. Analysts’ estimates typically exclude special items.”

“We’re pleased to report financial results in the fourth quarter that exceed our prior guidance ranges, ” CEO Stan Sloane said. “Our pipeline of opportunities continues to grow, and now includes a record $2.7 billion of pending bids. Our backlog of signed business orders has grown 10% year-over-year, providing a solid foundation for revenue growth in fiscal year 2011.”

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