Sudhakar Kesavan: ICF Sets Contract Booking Record in FY 2014 as Firm Reports 11% FY 2014 Revenue Bump

Sudhakar Kesavan
Sudhakar Kesavan

ICF International (NASDAQ: ICFI) has announced financial results for the fourth quarter and its 2014 fiscal year ended Dec. 31, 2014.

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The Fairfax, Va.-based consulting firm said its revenue for the year increased 11 percent to $1.05 billion and profit rose 10 percent to $43.8 million.

Profit figures exclude acquisition and restructuring-related costs, the company said.

Sudhakar Kesavan, ICF chairman and CEO, called 2014 “another record year for ICF in contract wins” and the company booked $1.3 billion in awards for the year, up 11 percent from 2013 figures.

Kesavan, also an inductee into Executive Mosaic’s Wash100 list for 2015, said the year also saw ICF “capture an increasing number of implementation contracts, which are often natural follow-ons to our advisory work.”

Fourth-quarter revenue at ICF rose 20 percent over the prior year period to $276.4 million and profit increased 23 percent to $10 million when excluding acquisition-related costs and office closures.

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