Vangent rolled out its financial figures for the fourth quarter and year ended Dec. 31, 2010, seeing growth in the wake of the successfully executed contracts and the acquisition of Buccaneer.
For the full year of 2010, the firm saw total revenue from continuing operations grow 30 percent from 2009 to $761.8 million.
In the fourth quarter of 2010, total revenue from continuing operations was listed at $176.4 million, up 2 percent from 2009’s fourth quarter.
“This was a pivotal year for Vangent. The acquisition of Buccaneer has gone extremely well. Our successful execution of the U.S. Census contract, combined with stellar operations and superior delivery across the organization, contributed to the best year on record for customer satisfaction and results, ” CEO Mac Curtis said. “We ended 2010 with strong top and bottom line performance and a solid working capital and cash management position, paving the way for another successful year when our government customers need Vangent more than ever. With our long track record of helping the government reduce costs and improve efficiencies, we are excited about opportunities that are top of mind with the U.S. Congress such as fraud detection and prevention, data center consolidation and other cost-saving initiatives that drive pay-for-performance in health care.”
