Arlington, Va.-based Vangent‘s announced, in the quarter ending April 2, revenue increased 22 percent compared to the prior-year period. The firm’s revenue numbers, adjusted for the completion of a U.S. 2010 Census contract, were driven by an increase of $32.1 million in revenue from the acquisition of IT firm Buccaneer. The company also said new business bookings in the quarter totaled $108.9 million.
“We got off to a strong start in 2011 winning a $95 million contract with the U.S. Army as well as continued growth in our Military Health System portfolio, ” said Vangent President and CEO Mac Curtis. “Adjusting for the U.S. 2010 Census contract, quarter-over-quarter revenue grew 22 percent and Adjusted EBITDA increased 11 percent. The acquisition of Buccaneer – which continues to exceed our expectations – combined with our strong performance on a major government contract in the U.K. and our recent win with the U.S. Army, positions the company well for another solid year.”
