NCI completes record revenue year, sets sights on $1B
Company reports revenue of $581 million in 2010
NCI Information Systems Inc. ended its fourth quarter with record revenue, which mirrored a record revenue year in 2010.
The company tallied $581 million in revenue for 2010, compared to $469 million in 2009 for an organic revenue growth rate of 22 percent, the company reported in its earnings statement released Wednesday.
NCI also reported record fourth-quarter revenue of $171 million compared to $125 million for the fourth quarter of 2009, for a revenue growth rate of approximately 37 percent.
Operating income for the fourth quarter was $11.8 million, compared to $11.5 million for corresponding quarter of 2009.
Net income for the quarter was $6.9 million, compared to $6.7 million for the same period in 2009.
“2010 was a very successful year for NCI in many ways,” said Charles Narang, NCI’s chairman and CEO, in the earnings statement. “Most importantly, we met our longstanding objective and crossed over the $500 million in revenue mark. With this foundation in place, we are now focused on reaching $1 billion in revenue within the next three to five years.”
NCI Information Systems Inc., of Reston, Va., ranks No. 71 on Washington Technology’s 2010 Top 100 list of the largest federal government contractors.
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David Hubler is senior editor of Washington Technology. Follow him on Twitter: @DavidHubler.