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ManTech International Corporation (Nasdaq: MANT) reported Q1 2021 revenue of $633 million, a 4% increase from Q1 2020, driven by contract awards and acquisitions. Operating income rose 9% to $42.4 million, with net income up 13% to $32.3 million. Diluted EPS reached $0.79, up 11% year-over-year. The company achieved an EBITDA margin of 9.7%. Bookings totaled $561 million, yielding a book-to-bill ratio of 0.9. ManTech reaffirmed its 2021 guidance for revenue between $2.65 billion and $2.75 billion.
ManTech has partnered with Google Cloud to enhance cloud and analytics services for the U.S. federal government, marking a strategic move to address government mission needs. Designated as a Google Cloud Premier Partner, ManTech aims to provide exceptional value, ensuring quality, security, and innovation. The partnership will facilitate growth in digital capabilities for government agencies, leveraging Google Cloud's infrastructure alongside ManTech's extensive experience. This collaboration builds upon previous successful projects to accelerate the federal government's digital transformation.
ManTech (Nasdaq: MANT) announced its achievement of the Amazon Web Services (AWS) Migration and DevOps Competencies, highlighting its commitment to best practices in cloud services for government customers. This recognition underscores ManTech's position as a trusted partner within the AWS Partner Network. The AWS Migration Competency enhances customers' agility and cost efficiency, while the DevOps Competency streamlines infrastructure management. The company emphasizes its role in delivering innovative solutions in edge computing and data assurance.
ManTech International Corporation (Nasdaq: MANT) will release its Q1 FY2021 earnings on May 4, 2021, post-market. A conference call to discuss the results is scheduled for 5 p.m. ET, with participation available by phone and via webcast at the ManTech Investor Relations website. The company specializes in providing technology solutions for U.S. defense and federal agencies, focusing on sectors like cybersecurity and data analytics. Further details on the earnings call will be accessible approximately two hours post-event.
ManTech (Nasdaq: MANT) has appointed Julie Anna Barker as the new Chief Human Resources Officer. She previously held roles including Vice President of HR Sector Operations and has been Interim CHRO since December 2020. Barker joined ManTech in 2019, demonstrating strong HR capabilities and adaptability. Her experience includes 14 years at Northrop Grumman in HR strategy and compliance. The leadership change aims to enhance HR strategies aligned with the company's business objectives and long-term goals.
ManTech (Nasdaq: MANT) has appointed Joseph Cubba as the new Chief Growth Officer. Reporting to COO Matt Tait, Cubba aims to enhance sales, revenue, and profits through innovative technology solutions. He brings over 30 years of experience, notably from IBM, where he drove growth in AI and advanced analytics. His military service includes ten years in the U.S. Air Force and a current role as a Captain in the U.S. Navy Reserve. This strategic appointment aligns with ManTech's mission of Bringing Digital to the Mission® and supports growth in federal sectors.
ManTech reported strong financial results for Q4 and FY 2020, with revenue of $639 million for Q4 and $2.52 billion for the year, reflecting 11% organic growth. Operating income rose to $40.2 million for the quarter and $158 million for the year. The adjusted diluted EPS increased to $0.89 for Q4 and $3.36 for the year, while net income experienced a 21% decline to $32.2 million in Q4. The company announced a 19% increase in its quarterly dividend to $0.38 per share, underscoring its financial health.
ManTech (Nasdaq: MANT) has partnered with the University of Maryland Global Campus (UMGC) to offer tuition-free access to its online M.S. in Data Analytics for eligible employees. This initiative aims to enhance workforce skills in data science, which is essential across various industries. The program also provides stackable credentials, promoting professional growth. Data science remains a leading career path, projected to see a 27.9% job growth by 2026, highlighting the program's relevance. ManTech focuses on delivering technology solutions for defense and intelligence sectors.
ManTech International Corporation (MANT) announced it will release its fourth quarter fiscal year 2020 earnings after market close on February 17, 2021. A conference call to discuss the financial results will follow at 5 p.m. ET. Analysts can join the call by dialing designated numbers and accessing a webcast available on the Investor Relations section of ManTech's website. With over 52 years in operation, ManTech specializes in providing technology solutions for U.S. defense and federal agencies, focusing on cybersecurity, data analytics, and IT support.
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