Jeffrey Tarr: DigitalGlobe Achieved Double-Digit Growth in Q1

DigitalGlobeDigitalGlobe (NYSE: DGI) gained $156.5 million in revenue during the first quarter of its 2014 fiscal year ending March 31, representing a 23-percent year-over-year increase.

Jeffrey Tarr, CEO of DigitalGlobe, said Thursday the company generated double-digit revenue growth in part due to expansion in its U.S. and government businesses worldwide, as well as integration programs.

The earth observation and geospatial services provider posted $67.9 million in adjusted earnings before interest, taxes, depreciation and amortization for the first quarter.

“In the quarter, we also scaled our Tomnod crowdsourcing platform — enabling more than 8 million volunteers to aid government customers in the search for Malaysia Airlines Flight MH370, ” added Tarr.

DigitalGlobe’s first quarter revenue in its U.S. government business increased 26 percent from the prior year period to $97.6 million.

Diversified commercial revenue reached $58.9 million for the quarter, up 18 percent from the same period in fiscal 2013.

Check Also

QuantiTech

QuantiTech Buys Spaceflight Engineering Firm DCI; Darryl Wortman Quoted

QuantiTech, a technical engineering services provider to the government sector, has purchased Dynamic Concepts Inc. for an undisclosed sum in a move to expand work with NASA across human spaceflight programs.

health care

Alliant Enterprises Wins $225M DLA Patient Monitoring Tech IDIQ

Alliant Enterprises has won a potential 10-year, $225M contract from the Defense Logistics Agency to provide patient monitoring systems, capital equipment and accessories to the U.S. Air Force, Army, Marine Corps, Navy and federal civilian agencies.