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Net Income Falls Despite Solid Sales Hike At SI International

DDN

Wednesday, October 31st, 2007

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By Calvin Biesecker SI International [SINT] yesterday reported lower net income and higher sales in the third quarter in line with its own and analysts' expectations. The federal information technology space "continues to be a challenging environment" as Pentagon spending remains focused on supporting the ongoing wars in Iraq and Afghanistan, Brad Antle, SI International's president and CEO, said during yesterday's earnings call. Net income dropped 18 percent to $4.4 million, 33 cents earnings per share (EPS), versus $5.4 million…

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