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Article: L-1 Identity Solutions Reports Third Quarter 2009 Financial Results; Updates 2009 Guidance and Provides Preliminary Expectations for 2010.(Financial report)
- Article from:
- Investment Weekly News
- Article date:
- November 14, 2009
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L-1 Identity Solutions, Inc., (NYSE: ID), a leading provider of identity solutions and services, announced financial results for the third quarter and nine months ended September 30, 2009. The Company also is updating guidance for the remainder of 2009 and is providing preliminary financial results expectations for 2010.
Revenue for the third quarter of 2009 was $172.5 million compared to $154.5 million in the third quarter of 2008, an increase of $18.0 million or 12 percent. Organic growth in the quarter was approximately nine percent, driven by enrollment services, HIIDE™, software solutions, and government consulting services. Revenue for the quarter was ...