Over three days this week, the company announced more than $1.1 billion in contract awards:
- Nov. 2: $635M in Army C4ISR, mobility, cyber contracts
- Nov. 1: $139M to manufacture Navy C4ISR communications
- Oct. 31: $350M in intelligence IT contracts
The company’s stock price jumped just under 9 percent in the after hours trading after the release.
The company reported that it generated $924.4 million in quarterly revenue, a 10.8 percent increase over the $834 million it reported for the first quarter of 2011.
The company saw operating income increase 45.2 percent to $75.7 million over that period, while net income rose 47.1 percent to $42.1 million.
Net income translated into earnings of $1.41 per diluted share versus 92 cents for the prior year period.
These results were computed in accordance with generally accepted accounting principles.
The company also released non-GAAP pro forma results that included liabilities from potential earn out payments it may have to pay to two companies it acquired in fiscal year 2010.
Including those liabilities, diluted earnings per share increased 47.5 percent to $1.40, net income rose 41.6 percent to $41.8 million and operating income grew 40.3 percent to $75.1 million year-over-year.