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Aecom reports growth in 1Q

Engineering and design firm Aecom Technology Corp announced its financial results for the first quarter of fiscal year 2009, which ended December 31, 2008. Aecom reported net income of $40.5 million for the first quarter, or diluted earnings per share (EPS) of 38 cents. These results represent an increase of 37% over net income of $29.5 million – and an increase of 31% over diluted EPS of 29 cents – for the same period last year. These results represent an increase of 37% over net income of $29.5 million for the same period last year. Operating income for the first quarter increased 57% year over year to $69.7 million.

First-quarter revenue increased to $1.5 billion, 35% higher than the first quarter of fiscal year 2008. Aecom's revenue, net of other direct costs, increased 32% compared to the same period last year, to $889.5 million.




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