Stanley Posts 36 Percent Jump In 4th-qtr Profit

ARLINGTON, Va. (AP) — Government information technology services provider Stanley Inc. said Wednesday said its fiscal fourth-quarter profit jumped 36 percent, fueled by both an acquisition and growth from several new contracts.

For the three months ended March 31, net income rose to $10.5 million, or 44 cents per share, from $7.7 million, or 33 cents per share in the prior-year period. Revenue rose 22 percent to $212.4 million from $173.5 million last year.

Analysts polled by Thomson Reuters, on average, expected profit of 42 cents per share, on revenue of $211.6 million. ...