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SRA Posts Solid First Quarter Results

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SRA International [SRX] yesterday posted higher net income and sales in the first quarter and achieved a record new contract award total. Net income increased 18 percent to $18.1 million, 31 cents earnings per share (EPS), versus $15.4 million (27 cents EPS) a year ago. Sales increased 6 percent to $417.5 million from $392.4 million a year ago. After accounting for the elimination of sales last year from businesses that have been divested, SRA said organic revenues increased over 8…

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