Tag Archives: government

November 10 Market Close: GovCon Index Adds 2% to Record High on Post-Election Defense Buying Spree

Executive Mosaic’s GovCon Index added 2 percent to another record close Thursday as investors continued a buying spree on defense stocks after Donald Trump’s election win and Maximus (NYSE: MMS) rebounded after its sharp drop Wednesday. GovCon Index gainers again outnumbered laggers at a 9-to-1 ratio for a second consecutive session and all …

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Maximus Issues FY 2017 Outlook Falls Below Street Forecasts, Expects Continued Brexit Currency Headwinds

GovCon Index-listed Maximus (NYSE: MMS) released earnings and revenue guidance for fiscal year 2017 below the consensus Wall Street forecast Thursday in part on expectations of continued headwinds from the British pound’s post-Brexit weakening. The Reston, Virginia-based government services contractor forecasts earnings of $2.90-$3.10 per share versus the analysts’ midpoint forecast of …

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GSA to Help Prep Presidential Candidates for Possible Transition; Unisys’ Casey Coleman Comments

TYSONS CORNER, VA, Nov. 3, 2016 — The General Services Administration has taken on an expanded role in the effort to assist the presidential candidates to prepare for their possible transition to government leadership, ExecutiveGov reported Wednesday. Casey Coleman, vice president for civilian agencies at Unisys‘ (NYSE: UIS) federal business, wrote in …

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ICF Lifts Full-Year Earnings Guidance on Govt, Energy Market Outlooks

GovCon Index-listed contractor ICF (Nasdaq: ICFI) lifted full-year earnings guidance to a range above the consensus Wall Street forecast Tuesday and slightly increased revenue projections to a range in-line with analysts’ expectations. Fairfax, Virginia-based ICF said in its third quarter financial statement it expects earnings of $2.91-$2.96 per share versus analyst forecasts of a $2.88 …

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DigitalGlobe Buys Timbr to Add Data Science Tools in Extended Cloud & Analytics Push

Satellite imagery vendor DigitalGlobe (NYSE: DGI) has acquired data sciences services company Timbr in a continued push to expand cloud-based offerings and create new analytics techniques to manage large volumes of information, DigitalGlobe CEO Jeffrey Tarr told investors Tuesday. This deal comes nearly two weeks after Westminster, Colo.-based DigitalGlobe announced its $140 million …

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Parsons Names Vice Chairman Tom Roell to Interim Federal Leadership Post

Thomas “Tom” Roell, vice chairman and chief risk adviser at Parsons Corp., has been appointed interim president of the Pasadena, California-based engineering and construction services contractor’s federal business unit and will maintain his other current roles for the company. Parsons said Wednesday Roell will continue to be based at the company’s …

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Cameron Chehreh: Govt Legacy Software Structure Poses Biggest Challenge to IT Modernization Efforts

TYSONS CORNER, VA, Aug. 22, 2016 — Cameron Chehreh, chief technology officer at Dell‘s federal business, has stated that the structure of legacy software for off-the-shelf government products poses the biggest challenge to the information technology modernization efforts of the government, Executive Gov reported Wednesday. Chereh said that virtualization technology, software-defined networking,  virtualized …

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CSRA Shows Openness to Deals With ‘Cloud-Enabled Digitization’ Factor, 1Q Earnings Top Street Outlook

CSRA (NYSE: CSRA) is open to acquisitions and has allocated a portion of its cash deployment strategy for potential deals, the company’s chief executive told investors Wednesday. “They have to give us a technology edge as we think about cloud-enabled digitization of the marketplace. We always look for customer intimacy and competitive …

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Vectrus Lifts 2016 Earnings, Revenue Guidance

Vectrus (NYSE: VEC) has lifted full-year earnings and revenue guidance on improved outlooks in cash flow for the 2016 second half and expectations of extra payments on debt. The Colorado Springs-based government communications services contractor now expects earnings per share in the $2.07-$2.32 range versus the previous $2.02-$2.31 range with revenue of $1.18 billion-$1.2 billion compared to …

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ICF Posts 2Q Earnings Beat; Boosts Federal Revenue Outlook on 8% Sales Increase

ICF International (Nasdaq: ICFI) reported second quarter earnings and revenue above the consensus analyst estimate Tuesday on year-over-year growth in U.S. federal government sales as the company also lifted guidance on full-year results for that market. Fairfax, Virginia-based consulting and technical services provider ICF said earnings for the April-June period came …

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