Profit Drops at SI International
SI International of Reston said first-quarter profit fell 27.5 percent, to $3.4 million (26 cents a share) from $4.7 million (36 cents) in the comparable period a year earlier. Revenue in the three months ended March 29 grew 18.2 percent, to $134.4 million.
The company said business with civilian agencies and the purchase of LOGTEC last year helped its results.
The company changed its outlook for 2008, predicting earnings of $18.9 million to $20.2 million, down from $21.1 million to $22.2 million it predicted in February in its fourth-quarter earnings release. It dropped its revenue forecast to $560 million to $580 million from $575 million to $600 million.
April 29, 2008; 12:39 PM ET
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