$CTL said Global Network Services contract will facilitate shift from use of point-to-point circuits to newer technical approaches as government aims to provide single Department of Defense network for global voice, video, imagery and data transmissions on 100 gigabit-per-second backbone by 2020.
$ADI completed all necessary long-term debt financing arrangements in connection with its proposed acquisition of $LLTC. The acquisition is expected to close by end of 2Q17. This is being funded through combination of cash-on-hand, pre-payable term loans, senior long-term notes and newly-issued shares of $ADI's common stock.
$BHI reported international rig count for November 2016 of 925, up 5 from 920 counted in October 2016. The U.S. average rig count was 580, up 36 from last month and down 180 from last year. The worldwide rig count for November 2016 was 1,678, up 58 from the 1,620 counted in October 2016, and down 369 from the 2,047 counted last year.
$KFY declared a quarterly dividend of $0.10 per share on Dec. 6, 2016. The dividend is payable on Jan. 16, 2017 to stockholders of record on Dec. 20, 2016. The company began to execute on its share repurchase authorization by repurchasing 520,000 shares of common stock, representing 1% of shares outstanding.
$KFY posted 2Q17 earnings of $30.2MM, or $0.52 per diluted share, down 40.4% from a year ago. Fee revenue increased 43.2% to $401.9MM, driven by the Hay Group acquisition and strong revenue growth in Futurestep. Total revenue grew 42.4% to $415MM and operating margin increased to 11.6%.