| American Management Systems Inc. |
4050 Legato Rd.
Fairfax, Va. 22033
Year founded: 1970
Industry: Information technology
Revenue: $961.62 Million
Net Income/Loss: ($26,296,000.00)
Earnings per share: ($0.62)
Stockholder equity: $410.03 Million
Auditor: Deloitte & Touche LLP
Assets: $611.53 Million
Market capitalization: $821.03 Million
52-week high: 19.33 4/5/2004
52-week low: 11.41 4/14/2003
Chairman and CEO: Alfred T. Mockett
CFO: James C. Reagan
Local employees: 3313
Description: AMS sells software and consulting to local, state and federal governments, banks, telecom companies and the military. The company pioneered the use of computer databases in the 1970s for governments whose IBM punch cards and paper record-keeping were getting swamped by a growing population.
Developments: In March, AMS announced that it would be split in two and sold to two competitors. Its business serving banks, telecom companies and state, local and federal civilian agencies will go to CGI Group, a Canadian consulting and outsourcing company with 20,000 employees. The company's practice serving the Defense Department and intelligence agencies, the fastest-growing area of government work, will go to CACI International Inc., an Arlington contractor. AMS had been trying to turn around. Alfred T. Mockett, chief executive since late 2001, inherited a company suffering from falling sales and negative publicity from customer disputes. The company tried to cut costs and focus on the federal government, which is increasing defense spending. But mid-size companies are increasingly being squeezed out of the lucrative government technology market, and the company could not grow quickly enough to survive on its own. Government projects are expanding in size, and AMS was too small to capture the biggest and most profitable deals.
© 2004 The Washington Post Company