DigitalGlobe Reports 18% Gov’t Revenue Jump in 2Q

DigitalGlobeDigitalGlobe (NYSE: DGI) has reported an 18.4-percent increase in revenue for the company’s U.S. government business segment during its fiscal year 2015 second quarter ended June 30.

U.S. government sales for the quarter totaled $113.1 million and DigitalGlobe said revenue from the company’s EnhancedView Service Level Agreement with the National Geospatial-Intelligence Agency grew 48.4 percent year-over-year to $84.3 million.

NGA acquires geospatial imagery and related products through the EnhancedView program for itself and other federal agencies

The company also reported $178 million in total quarterly revenue,  an increase of 12.8 percent from the prior year period; and $8 million in profit, a 60-percent jump from the fiscal 2014 second quarter.

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