BTG reports six month financial results.VIENNA Vienna, city and province, Austria Vienna (vēĕn`ə), Ger. Wien, city and province (1991 pop. 1,539,848), 160 sq mi (414 sq km), capital and largest city of Austria and administrative seat of Lower Austria, NE Austria, on , Va.--(BUSINESS WIRE)--Nov. 1, 1994--BTG Inc., the northern Virginia Northern Virginia (NoVA) consists of Arlington, Fairfax, Loudoun, and Prince William counties and the independent cities of Alexandria, Falls Church, Fairfax, Manassas, and Manassas Park. information technology company, released it FY 1995 unaudited second quarter results today. Revenue for the quarter ended Sept. 30, 1994, was $43.6 million, with $983,000 in net income. This compares to FY 1994 second quarter revenue of $26.7 million and net income of $631,000. BTG BTG BIT (Built-In Test) Target Generator BTG Bridging the Gap BTG British Technology Group BtG Betreuungsgesetz (Germany) BTG Biomass Technology Group BV BTG Begbies Traynor Group operates on a fiscal year that begins on April 1. For the first six months of FY 1995, revenue totaled $71 million, up from the $45 million earned in the first half of FY 1994. Net income for the six months rose from $697,000 in FY 1994 to $1.5 million this year. BTG total annual revenue for FY 1994 was $103.6 million, with net income of $1.8 million. The company said the increase in quarterly revenues was due in part to the acquisition on July July: see month. 1, 1994, of ACTech, a value-added reseller A value-added reseller (VAR) is a company that adds some feature(s) to an existing product(s), then resells it (usually to end-users) as an integrated product or complete "turn-key" solution. of software and hardware products, which also markets its own line of high-performance computers based on Alpha RISC RISC in full Reduced Instruction Set Computing Computer architecture that uses a limited number of instructions. RISC became popular in microprocessors in the 1980s. or INTEL processors. ACTech, headquartered in Merrifield Mer·ri·field , R(obert) Bruce Born 1921. American biochemist. He won a 1984 Nobel Prize for developing a method of synthesizing peptides and proteins from amino acids. , Va., also has the only retail computer sales and service outlet located in the Pentagon Pentagon Huge five-sided building (1941–43) in Arlington, Va., that is the headquarters of the U.S. Department of Defense. Designed by George Edwin Bergstrom, it was, on its completion, the world's largest office building, covering 34 acres (14 hectares) and offering . The increases in revenue and income were also driven by continued growth in BTG's systems and value-added reselling business units. BTG is an information technology company providing complete solutions to specific systems and product needs of government and other customers, combining systems development, integration and engineering, with value-added reselling of hardware, software and integrated systems. BTG is headquartered in northern Virginia. A registration statement relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc BTG's securities has been filed with the Securities and Exchange Commission but has not yet become effective. -0-
BTG Inc.
Consolidated Statements of Income
For the Six Months Ended Sept. 30, 1994 and 1993
(Unaudited)
(In thousands)
Quarter 6 Mos. 6 Mos.
Ended Ended Ended
9/30/94 9/30/94 9/30/93
Revenue $43,617 $71,017 $44,951
Costs
Direct Costs 34,273 54,416 32,766
Operating Expenses 6,959 12,899 10,326
Amortization and other, net 352 456 315
----- ------ ------
41,584 67,771 43,407
Operating Income 2,033 3,246 1,544
Interest Expense 287 558 333
Income Before Income Taxes 1,746 2,688 1,211
Provision for income taxes 763 1,156 514
Net Income $ 983 $ 1,532 $ 697
CONTACT: BTG Inc., Vienna
Theda Parrish, 703/761-6581
Fax: 703/761-6215
Internet: tparrish@btg.com
|
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion