Chairman and CEO John Wood attributed Telos’ fiscal year 2021 second quarter performance in part to sales in the company’s security business as more government and commercial customers seek technologies to fend off sophisticated cyber threats.
Ghost functions as a virtual obfuscation network built to protect user identity and location, while Xacta is designed to help organizations automate cyber risk management and security compliance monitoring processes.
WBJ reports that the strong demand for Telos offerings will work to offset delays in the award of task orders from the Transportation Security Administration and the Centers for Medicare and Medicaid Services for the IDTrust360 identity management platform.
The Ashburn, Virginia-based company is also looking to increase the number of its channel partners, pursue business opportunities in the critical infrastructure sector and expand its presence in the commercial and international markets.
Telos posted second quarter revenue of $52.6 million, up 8 percent from same period of its 2020 fiscal year.