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SI International Posts Big Earnings Decline

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SI International [SINT] yesterday said that its net income fell 24 percent in the second quarter despite strong sales growth as delays in several programs crimped margins. The company also announced this week that its planned $25 million acquisition of government services provider Arrowpoint Corp. has been terminated by mutual agreement. For the quarter SI International said net income fell 24 percent to $3.8 million, $29 cents earnings per share (EPS), from $5 million (38 cents EPS) a year ago.…

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