URS Corp. announced strong results for its latest fiscal year, ending Jan. 2, relecting the full benefits of its 2007 acquisition of Washington Group Inc. and strength in core federal and infrastructure markets. Company executives are confident the firm is postioned strongly enough in key markets to weather current economic difficulties and be optimistic about 2010. The engineering-contracting giant reported nearly $10.1 billion in revenue for its fiscal 2008, up 87.4% from the previous year. Net income increased 66.3% to nearly $220 million, which Chairman and CEO Martin M. Koffel labeled "record profits." Koffel attributed margin improvements largely to cost
The growing need to collect, store and analyze the huge volumes of data collected from infrastructure project stakeholders is generating a new growth area for construction-sector firms, IT vendors and professionals.