|
contents | business | |||||||||
| Aecom reports second-quarter fiscal year 2011 financial results Aecom Technology Corporation (NYSE: ACM), a leading provider of professional technical and management support services for government and commercial clients around the world, announced its financial results for the second quarter of fiscal year 2011, which ended March 31, 2011. Aecom reported net income from continuing operations of $58 million for the second quarter and diluted earnings per share (EPS) from continuing operations of 49 cents for the second quarter. This represents a decrease of 2% from net income from continuing operations of $59 million and a decrease of 4% from diluted earnings per share of 51 cents for the same period last year. During the quarter, the company ceased its operations in Libya, which had a negative $0.08 EPS impact. Operating income for the second quarter increased to $87 million, 5% higher than the same period last year. Second-quarter revenue was $1.9 billion, a 21% increase from the second quarter of fiscal year 2010. Second-quarter revenue, net of other direct costs, was $1.3 billion, representing a 23% increase over the same period last year. Excluding the impact of Libya, organic revenue, net of other direct costs, increased 4% year over year. For the first six months of fiscal year 2011, Aecom reported net income of $115 million and operating income of $178 million, an increase of 10% and 19%, respectively, compared to the same period last year, despite the negative impact from Libya. For the first six months of fiscal 2011, Aecom reported revenue of $3.9 billion and revenue, net of other direct costs, of $2.5 billion, an increase of 26% and 24%, respectively, compared to the same period last year. write your comments about the article :: © 2011 Construction News :: home page |