ManTech’s George Pedersen Dissects Fiscal Results

ManTech International (NASDAQ: MANT) noted some positive fiscal findings for the second quarter of fiscal year 2010, ending June 30, 2010:

“Revenue was $661.6 million, up 29 percent (13 percent organic) from second quarter fiscal year 2009 (FY09). Net Income was $32.2 million, up 13 percent from second quarter FY09.  Diluted EPS was $0.88, up 10 percent from second quarter FY09 and the operating margin percentage was up 80 basis points sequentially.”

“In the second quarter of fiscal year 2010, we delivered strong revenue growth, margin expansion and cash collection,” said ManTech Chairman and Chief Executive Officer George J. Pedersen. “Despite the pressures on federal government spending, we see continued strong performance based on our positioning on mission-critical programs in national and homeland defense, both in the United States and around the world. I am also proud that we maintained our commitment to program execution, as evidenced by our being awarded the NASA Goddard Space Flight Center Contractor Excellence Award for the third time since 2000.”

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