Net income falls slightly over same period as exits Libya

Aecom has reported a 21% increase in revenue for the second quarter of its current financial year, bringing in a total of $1.9bn.

The engineering services company also reported a slight drop in net income for the second quarter of this financial year, down 2% on the same period last year to $58m from 59m. During the second quarter the company exited the Libyan market in the wake of the political turmoil there.

However, operating income for the second quarter increased to $87 million, 5% higher than the same period last year.

“We saw continued organic growth, both in revenue and backlog, during the second quarter,” said John M. Dionisio, AECOM president and chief executive officer. “We are pleased that we were able to achieve solid results even with challenging external events, which we believe speaks to the resilience of our diversified business model and to the agility of our team around the world.

“We are poised for continued strong performance as we capitalize on organic-growth opportunities around the world and drive revenue and cost synergies from recent acquisitions. With the fiscal year 2011 federal budget now in place, we expect to see a meaningful increase in our U.S. government business during the second half of the year,” he added.