DigitalGlobe 1Q Gov’t Revenue Up 17%, Overall Sales Jump 8%

DigitalGlobeDigitalGlobe (NYSE: DGI) has announced financial results for the first quarter of its 2015 fiscal year ended March 31, 2015.

The geospatial services contractor said revenue for its U.S. government business increased 17.6 percent from the prior year period to $114.8 million and overall sales for DigitalGlobe rose 8.2 percent year-over-year to $169.4 million.

Commercial sector revenue was $54.6 million, a figure DigitalGlobe CEO Jeffrey Tarr said the company expects to grow “in the second half as we monetize WorldView-3 and generate results from a number of new products and initiatives.”

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