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Profits up at Jacobs

13 Nov 12 Jacobs Engineering Group has announced its financial results for the fiscal year and fourth quarter ended 28 September.

It reported net earnings of US$379m (£238m) on revenues of US$10.89bn (£6.8bn) for its fiscal year. This compares to net earnings of US$331m on revenues of US$10.38bn for the 2011 fiscal year.

For the fourth quarter of fiscal 2012, Jacobs reported net earnings of US$107.4m on revenues of US$2.79bn. This rose from net earnings of US$94.3m on revenues of US$2.72bn for the same period last year.

Jacobs also announced that backlog grew by 11.3%, totalling US$15.9bn at 28 September, including a technical professional services component of US$10.3bn. This compares to total backlog and technical professional services backlog of US$14.3bn and US$9.1bn, respectively, at September 30, 2011.

Commenting on the results for the year, Jacobs president and CEO Craig Martin stated, “Fiscal 2012 was a good year. Our business grew across most markets, demonstrating that our diversification strategy and core client focus gives us the ability to excel even in challenging economic times. Earnings grew by over 13%, and fiscal 2013 looks promising.”

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