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May 18 Market Close: GovCon Index Nudges Gain on Booz Allen, McKesson Boosts

The GovCon Index hovered in neutral territory during the final two hours of trade Wednesday and closed at a gain of 0.220 points to 77.591 despite its descent from a strong early afternoon session. The GCI hit volatility in conjunction with the S&P 500 composite index shortly after 2 p.m. upon the release of the Federal …

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April 28 Market Close: GovCon Index Reverses Course, Plunges 1% on CACI Guidance Cut

The GovCon Index had all of its Wednesday gains wiped out in Thursday trade with a sharp decline of 1.482 percent to 76.842 after a third-quarter revenue miss and guidance cut from government services contractor CACI International (NYSE: CACI). Arlington, Virginia-based CACI brought down the high ends of both its full-year …

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Vectrus 2016 Guidance Mixed Versus Street Estimates; 2015 & 4Q Earnings Top Analyst Forecasts

Vectrus (NYSE: VEC) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has issued earnings and revenue guidance for 2016 with the midpoint outlooks respectively below and level the consensus Wall Street forecast on continued declines in sales for programs based in Afghanistan. The Colorado Springs-based information technology …

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Diane Murray to Lead Deloitte’s Federal Civilian Sector; Dan Helfrich Comments

Diane Murray, a principal at Deloitte Consulting and an 18-year information technology consulting veteran, has been named leader of Deloitte‘s federal civilian sector. She succeeds Dan Helfrich, who has taken a new role as head of the federal practice at the professional services company, Deloitte said Monday. “[Murray] has the first-hand experience in helping …

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Patrick Gallagher: Carahsoft, HPE Eye Info Governance for Big Data Challenges

TYSONS CORNER, VA, February 12, 2016 — Carahsoft and Hewlett Packard Enterprise (NYSE: HPE) endorse information governance strategy to companies in an effort to help deter risks in big data, ExecutiveBiz reported Thursday. “We’re working to accelerate compliance and IG with legacy data clean-up and reducing redundant, obsolete and trivial (ROT) dark …

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Harris Lowers FY 2016 Revenue Outlook on Energy Price Declines, Lifts Earnings Guidance Despite 2Q Loss

Harris Corp. (NYSE: HRS) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has cut revenue guidance for its 2016 fiscal year on global declines in oil prices that have affected the company’s outlook for the CapRock remote communication services business. The Melbourne, Fla.-based communications technology manufacturer — …

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January 27 Market Close: Boeing, Booz Allen, Textron Declines Drag GovCon Index Below 70 to 3-Month Low

The GovCon Index plunged 2.438 percent to 69.664 in its first close below the 70-point mark for the first time in almost four months to keep the 30-company listing in a correction, or at least 10 percent down from its most recent high. Boeing (NYSE: BA) — also a Dow …

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Engility Issues FY 2016 Guidance Below Wall Street Forecasts

Engility Holdings (NYSE: EGL) — one of 30 companies listed on Executive Mosaic’s GovCon Index — issued its fiscal year 2016 earnings and revenue guidance Thursday below the consensus Wall Street analyst estimates for both figures. The Chantilly, Virginia-based government services contractor said it sees earnings of between $1.00 and …

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IBM’s Jimmy Norcross, Dan Chenok: Better Buying Power to Drive Agile Acquisition at DoD

TYSONS CORNER, VA, November 18,  2015 — IBM‘s (NYSE: IBM) Center for the Business of Government has released a report that seeks to advance the Defense Department‘s Better Buying Power program to facilitate agile acquisition, Executive Gov reported Nov. 11. Jimmy Norcross, vice president of IBM’s defense and intelligence business, …

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Booz Allen 2Q Earnings, Revenue Top Wall Street Expectations; Horacio Rozanski on Firm’s M&A Outlook

Booz Allen Hamilton (NYSE: BAH) — one of 30 companies listed on Executive Mosaic’s GovCon Index — has reported earnings of 39 cents per share for the second quarter of its 2016 fiscal year to exceed Wall Street forecasts by 4 cents. Booz Allen’s fiscal year runs on an April-March basis. …

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