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Article: GTSI Reports Third Quarter Results.(Financial report)
- Article from:
- Business Wire
- Article date:
- November 5, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Expense Containment and Profitability Lead the Way
HERNDON, Va. -- GTSI (R) Corp. (NASDAQ:GTSI), an enterprise IT infrastructure solutions and services provider to the government, released financial and operational results for the third quarter of 2009.
"The conditions in the government market were as hyper competitive as I have seen in all my years," said Jim Leto, GTSI's Chief Executive Officer. "With influences from multiple sources, we found ourselves in the final weeks of the quarter losing large transactions to companies willing to accept deals at very low gross margins. While this quarter is not what we anticipated, we have maintained a lower ...