A Note From Our President & Founder Jim Garrettson
Third quarter earnings season has come to a conclusion and the week of gives us a good checkpoint to see how the GovCon sector fared in this round.
Twenty-six out of 30 GovCon Index-listed contractors have reported financial results for their third quarters or other fiscal periods since the Sept. 30 market close with SAIC and military truck maker Navistar due to post earnings figures in December.
Of the 26 that released numbers, 19 met or exceeded Wall Streetâs earnings expectations and 9 out of those 19 topped or equaled the consensus analyst forecast for both earnings and revenue.
Shipbuilding giant Huntington Ingalls also soared past analyst estimates and rocket manufacturer Orbital ATK exceeded The Streetâs forecasts.
Radio maker Harris Corp. was in line with Street earnings expectations for that companyâs first fiscal 2016 quarter, its first full three-month financial period since the Exelis acquisition.
GovConâs services area also included many âbeatsâ from players such as engineering firm AECOM, consultant Booz Allen and national security-health contractor Leidos.
This earnings season also featured outlooks from Index CEOs Tony Smeraglinolo of Engility, Sudhakar Kesavan of ICF International and Kelly Ortberg of Rockwell Collins on the two-year federal budget deal signed in November.
All three indicated the industry would have further clarity over the next two years as opposed to prior periods that featured stopgap funding measures and prospects of government shutdowns.
TYSONS CORNER, VA, December 17, 2015 â Kevin Shelly, vice president of MarkLogic‘s public sector business, has addressed that a change in culture can be a tool to solve data management issues in government, ExecutiveGov reported Wednesday. FedTech Magazine reported Tuesday that Shelly told his audience at the 360 Degrees of Government Data forum that a cultural shift can help
TYSONS CORNER, VA, November 30, 2015 â Kevin Shelly, vice president for MarkLogic‘s global public sector business, believes government agencies will continue to explore big data strategies and data management technologies to leverage data assets. Shelly told ExecutiveBiz in an interview published Tuesday that commercial “new generation” technologies such as MarkLogic’s database work to meet government security
Executive Mosaic, Tysons Corner, VA February 25, 2015 â Kevin Shelly, public sector vice president at MarkLogic, has been listed among this yearâs Wash 100 most influential leaders in GovCon for his contributions to the database and storage sectors. The Wash100 is the premier group of private and public sector leaders selected by Executive Mosaicâs organizational and