Also, during this call, we may refer to measures of income that are not computed in accordance with generally accepted accounting principles. To the extent we refer to non-GAAP data, we have provided a reconciliation in our press release and on our website. Maurice?
Thank you, Bruce. Our second quarter 2012 earnings release was issued about 4:15 today, and a full text copy of our press release has been distributed via e-mail and is also available on our website.
We are pleased to report growth in second quarter revenue driven by total comp solutions for federal government customers and commercial 9-1-1 services for network operators and state and local governments.We continue to see increasing federal needs for our C4ISR secure communication solutions and skilled field support for continuous mission-critical service. Our government business has a robust pipeline of high value contract opportunities, of which several award notices are expected in the second half of this year. As I indicated in our press release, TCS is now a company with depth of expert technical resources for secure, highly reliable wireless communication. We have nearly 500 SATCOM and network security professionals and about 400 cellular infrastructure and application engineers and specialist, and more than 200 personnel engaged in the network technology that enables public safety communications. These are scarce and valuable resources for enabling secure and reliable communications for government and enterprise. An example is the emerging opportunity into many facets of secure cellular and the efforts of these engineers are expanding our proprietary intellectual property. On July 6 th, we announced the acquisition of microDATA GIS, a leading next-generation 9-1-1, or next-gen provider. We believe that state and local governments are in the early innings of upgrading their existing 9-1-1 systems from circuit switch to IP-based networks, internet protocol-based networks. The SEC has predicted total non-recurring next-gen spending of $1.2 billion over 10 years, and an additional $1.5 billion for in fact recurring connectivity posting in operation and maintenance expenses. microDATA's next-gen 9-1-1 roadmap compliments TCS. In addition to complementing TCS's emergency services, internet protocol network or ESInet products, microDATA brings TCS products for customer premise equipment, or CPE, which includes computer aided dispatch integration dashboards, call management products and call handling software and geographic information systems software. Together with TCS's technology, scale and leadership serving the public safety community, we expect to be a formidable competitor in the rapidly growing next-gen 9-1-1 market.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV