Company Profile For Qinetiq Group Plc

QinetiQ Group plc (QinetiQ) is an international provider of technology-based services and solutions to the defence, security and related markets. QinetiQ develops and delivers services and solutions for government organisations, in the United Kingdom and United States, including defence departments, intelligence services and security agencies. In addition, the Company provides technology insertion and consultancy services to commercial and industrial customers around the world. QinetiQ has three sectors: EMEA (Europe, Middle East and Australasia), which delivers technology solutions, consultancy and managed services to the Ministry of Defense in the United Kingdom, and civil and other government customers in the United Kingdom and Australia; QinetiQ North America, which provides technology and services to the United States Government, and Ventures, which comprises commercial product businesses and business venturing activities. In July 2009, QinetiQ acquired Cyveillance, Inc.

BRIEF: For the fiscal year ended 31 March 2009, QinetiQ Group Plc's revenues increased 18% to £1.62M. Net income increased 97% to £93.6M. Revenues reflect an increase in income from QinetiQ North America and Europe, Middle East & Australian segment. Net income also reflects a decrease in depreciation expenses, the absence of loss from business divestments & disposals, and an improved operating & gross margins.