TCS Reports 19% Jump in 4Q Revenue, 30% Bump in Gov’t Segment; Maurice Tose Comments

teleCommunication-systemsTeleCommunication Systems (NASDAQ: TSYS) has announced financial results for its fourth quarter and full 2014 fiscal year ended Dec. 31, 2014.

The Annapolis, Md.-based wireless technology contractor said its revenue for the quarter grew 19 percent from the prior year period to $93.3 million and total revenue for the year was $359.9 million.

Maurice Tose
Maurice Tose

Revenue for the quarter in the company’s government segment was up 30 percent to $47.6 million, an increase the company attributed to higher sales volume.

Maurice Tose, TCS chairman and CEO, said the company foresees a “much improved” pipeline of federal business due in part to the national public safety network program known as the First Responder Network Authority, or FirstNet.

TCS’ commercial segment saw its revenue for the quarter increase 9 percent to $45.7 million and full year revenue rose 9.5 percent to $479.6 million.

You may also be interested in...

William Conley CTO Mercury Systems

Mercury Systems’ William Conley Joins NDIA Central Georgia Chapter Board

William Conley, chief technology officer of Mercury Systems (Nasdaq: MRCY), has been named to the board of directors for the National Defense Industrial Association's Central Georgia chapter. He will serve as a board member for a term of up to six years, Mercury Systems said Thursday.

Cloud IT

DHS Posts $3B Data Center, Cloud Solicitation

The Department of Homeland Security has issued a request for proposals for its indefinite-delivery/indefinite-quantity Data Center and Cloud Optimization contract worth potentially $3.35B over 10 years.