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  • Tuesday, April 23, 2024

SRA CFO Rick Nadeau Comments on Financial Figures

Rick Nadeau

SRA International (NYSE: SRX) reported operating results for the second quarter of fiscal year 2011, which ended Dec. 31, 2010.

The firm listed revenue for the quarter was $434.8 million, up 5.3 percent from the December 2009 quarter.

According to SRA, “income from continuing operations was $19.8 million, for a net margin of 4.5 percent.”

“Operating cash flow was strong in the quarter, ” CFO Rick Nadeau said. “We completed the acquisition of Platinum Solutions in November, and completed the quarter with approximately $60 million in cash and no debt.”

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