Asgn Inc - ASGN STOCK NEWS

ECS, an ASGN brand, announces strategic partnership with the NSA's Cybersecurity Collaboration Center (CCC) to enhance threat detection and response capabilities for the U.S. defense industrial base (DIB). Through this collaboration, ECS will integrate non-public, DIB-specific threat intelligence into its cybersecurity operations. The company currently manages the Army Endpoint Security Solution, protecting 800,000 U.S. Army endpoints from 1.5 million malicious events monthly. ECS has observed an increase in cyberattacks targeting the DIB throughout 2024, including ransomware campaigns, vulnerability exploits, and supply chain compromises.

ECS, an ASGN brand, has secured a $528 million prime contract from the Department of Homeland Security's CISA CDM Program Office. The six-year task order involves designing and implementing a standardized data integration solution for cybersecurity information across Federal Civilian Executive Branch agencies. ECS will provide solution engineering, testing, cybersecurity, operations and maintenance, program management, data governance, and training services. The project aims to enhance cyber situational awareness and improve threat detection and vulnerability remediation across federal government systems.

ASGN reported Q3 2024 financial results with revenues of $1.031 billion and net income of $47.5 million. The company's Adjusted EBITDA was $116.9 million, representing 11.3% of revenues. Commercial Segment revenues were $718.8 million (69.7% of total), while Federal Government Segment contributed $312.2 million (30.3%). IT consulting revenues reached $597.2 million, accounting for 57.9% of total revenues. The company repurchased 1.0 million shares for $95.6 million during the quarter and maintained strong cash position with $166.6 million in cash and cash equivalents.

ASGN Incorporated (NYSE: ASGN) has announced its upcoming third quarter 2024 earnings release and conference call. The event is scheduled for Wednesday, October 23, 2024, at 4:30 p.m. ET. Prior to the call, ASGN will post its financial results and prepared remarks on its website. Interested parties can join the conference call using the dial-in number 877-407-0792 (or +1-201-689-8263 for international callers) with Conference ID 13748597.

A replay of the call will be available from 7:30 p.m. ET on October 23, 2024, until November 6, 2024. The replay can be accessed using the number 844-512-2921 (+1-412-317-6671 for international callers) with access code 13748597. Additionally, a webcast of the call will be accessible at www.asgn.com.

Apex Systems, a global technology services firm and ASGN brand (NYSE: ASGN), has announced its availability in the Microsoft Azure Marketplace. This move allows Apex customers to leverage Azure's cloud platform for streamlined deployment and management. Apex's debut offering is a workshop on Microsoft Fabric, an AI-powered analytics platform, led by their Chief Solutions Director of Data and AI, Zac Guidone.

As a certified Microsoft Data and AI Solutions Partner, Apex has been testing Microsoft Fabric in its Innovation Lab for the past year. The company plans to introduce additional Azure Marketplace offerings, including PowerApps and Data Security solutions. This strategic move is expected to accelerate growth, increase brand awareness, and build new client relationships for Apex Systems in the commercial consulting marketplace.

ECS, an ASGN brand specializing in IT systems integration, has achieved Amazon Web Services (AWS) Managed Service Provider status for the tenth consecutive year. This recognition highlights ECS's expertise in providing comprehensive AWS solutions for customers at various stages of their cloud journey. The designation sets ECS apart as an AWS Partner Network member capable of delivering specialized consulting and managed services for complex AWS projects.

Ross Serino, VP of Cloud Operations at ECS, emphasized the trust government customers place in ECS for mission-critical goals. John Heneghan, ECS president, highlighted the company's commitment to leveraging AI and machine learning to drive better outcomes for customers, focusing on modernizing legacy systems, enhancing cybersecurity, and driving digital transformation.

ECS, an ASGN brand, has been awarded a prime contract on the National Institute of Allergy and Infectious Diseases (NIAID) Enabling and Advancing Technologies (NEAT) blanket purchase agreement. This five-year, multi-award contract represents new work for ECS and is expected to have a spend of $1.1 billion. ECS will provide a wide range of IT support services to NIAID, including cybersecurity, AI, and data management and analytics.

The contract supports NIAID's mission of conducting research to understand, treat, and prevent infectious, immunologic, and allergic diseases. ECS aims to enhance NIAID's scientific research through IT innovation and modernization efforts.

ASGN Incorporated (NYSE: ASGN), a leading provider of IT services and professional solutions, has announced its participation in Canaccord Genuity's 44th Annual Growth Conference. The event will take place on Tuesday, August 13 at the InterContinental Boston. Ted Hanson, CEO of ASGN, is scheduled to present at 12 p.m. ET and will engage in investor meetings throughout the day.

The presentation will be webcast live, with a link to both the live event and replay available on the Investors' section of ASGN's website at investors.asgn.com. This participation provides an opportunity for ASGN to showcase its growth strategies and connect with potential investors.

ASGN Incorporated reported its Q2 2024 financial results, with revenues of $1.035 billion and net income of $47.2 million. The company's Adjusted EBITDA was $117.1 million, representing 11.3% of revenues. IT consulting revenues accounted for 57.1% of total revenues, up from 53.1% a year ago. The Commercial Segment saw a 10.6% year-over-year decline, while the Federal Government Segment decreased by 3.3%. Despite cautious client spending, ASGN remains focused on higher-value IT consulting solutions. The company repurchased 1.1 million shares for $108.0 million and provided financial estimates for Q3 2024, projecting revenues between $1.024 billion and $1.044 billion.