ICF International (NASDAQ: ICFI) has announced financial results for the third quarter of fiscal year 2012, ended Sept. 30, 2012.
The company reported an 8.8 percent increase in revenue over the prior year period, recording $237.9 million in 2012’s third quarter compared to the $218.7 million recorded in third quarter 2011.
Revenue for the first nine months of fiscal 2012 was $705.2 million, a 12.5 percent increase over the $626.8 million reported in the same period for fiscal 2011.
“We continued to achieve growth across all of our major markets in the third quarter, ” Chairman and CEO Sudhakar Kesavan said in the release. “Energy, Environment, & Infrastructure increased 4.6 percent; Health, Social Programs, & Consumer/Financial increased 15.2 percent; and Public Safety & Defense increased 2.9 percent.
“In addition, business awards this quarter included a number of important strategic wins and a high percentage of new contracts versus re-competes with government and commercial clients.”
During the quarter, the company won a task order under the National Institute of Health‘s potential $20 billion Chief Information Officer – Solutions and Partners 3 contract vehicle to collect and analyze biomedical data.
Revenue in ICF’s commercial business increased 20.4 percent in the 2012 third quarter to $60.6 million, representing 25 percent of ICF’s total revenue and up from 23 percent in last year’s third quarter.
The company credited the increase in that segment in part to the company’s $100 million acquisition of Ironworks Consulting, which develops public-facing web products and social media platforms for the federal government.
