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GeoEye Revenues Rise in New Report

GeoEye (NASDAQ: GEOY) fiscal first quarter revenue of $86.6 million an increase of almost eight percent from the same period in 2010.

“During the quarter, GeoEye achieved revenue growth and operating results that were in line with our expectations, ” said CEO Matt O’Connell said. “We have continued our focus on the successful execution of our multi-billion-dollar EnhancedView award; the commercial deployment of our Web dissemination services platform, EyeQ; and the integration of our GeoEye Analytics business. We are very pleased with the competitive position we have in our government, commercial and international markets and with the revenue visibility that we have into the remainder of the year.”

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