Article Entry

11 Aug 2009

Comments:0

GeoEye Produces Striking Financial Results; Doubles Revenue in Q2

Added by USGIF Category: Daily Intelligence Brief

We certainly embrace stories about USGIF members and major players doing well. And, we have a story to share along those lines. GeoEye reported that second-quarter revenue more than doubled to $72.7 million from $34.2 million from Q2 last year. The increase in business is a result of the government’s demand for the company’s high-resolution digital imaging. The company said that government revenue in the second quarter was $47.5 million, almost two-thirds of total revenues for the period.

Full Article