United States: Mantech International see sales jump 6%.Byline: Mamta03 ManTech International Corp. said sales were up 6 percent in the third quarter . The Fairfax-based federal contractor said revenue jumped to $514.6 million, compared to $486.1 million for the same period in 2008. ManTech attributes the growth to solid execution of the business strategy to focus on the high-end defense and intelligence markets that support our national security. Net income was $29.2 million for the three months ended Sept. 30, or 81 cents per diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. share, compared to $23.9 million, or 67 cents per diluted share, for the same period in 2008. Our results in the third quarter demonstrate the criticality of ManTech s services in missions of vital importance to the nation, said George Pedersen K. George Pedersen (born 1931) is a Canadian academic administrator who was the president of Simon Fraser University (1979 to 1983), University of British Columbia (1983 to 1985), University of Western Ontario (1985 to 1994), interim president of the University of Northern British , CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ManTech. We continued to generate very strong operating margins Operating Margin A ratio used to measure a company's pricing strategy and operating efficiency. Calculated by: and we produced another quarter of strong cash flows. ManTech had contract awards of $456 million in the third quarter, with over half coming from new business or add-ons to existing contracts. ManTech s reported backlog Backlog The total value of sales orders waiting to be fulfilled. Notes: This figure is used mainly in the manufacturing industry. Increases or decreases in a company's backlog indicate the future direction of sales and earnings. at quarter s end was $3.78 billion and funded backlog was a record $1.28 billion. Its full-year guidance for 2009 is $2 billion to $2.025 billion in revenue and $3.09 to $3.11 per diluted share. Copyright : Euclid Infotech Pvt. Ltd. Provided by Syndigate.info an Albawaba.com company |
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