* MicroStrategy, a McLean maker of business software, more than quadrupled its profit in the quarter ended June 30 as it sold more technical support services and cut operating expenses. Net income climbed to $11.4 million (67 cents per share) from $2.3 million (15 cents) during the same period a year ago. Revenue rose 14 percent, to $49.9 million, compared with $43.6 million a year ago. License revenue, a measure of software sales, dropped to $18.3 million from $19.6 million a year ago. The company also said its board approved a program to repurchase class A common stock worth up to $35 million over an unspecified period. MicroStrategy had about $87.2 million in cash, 12.5 million outstanding shares of class A stock and 3.5 million outstanding shares of class B stock as of June 30. The stock closed at $37.59 yesterday, up $1.10.
* GTSI, a Chantilly government contractor, swung to a loss of $1.6 million (18 cents a share) for the second quarter. In the same quarter last year, the firm earned $1.1 million (13 cents). GTSI's revenue for the three months ended June 30 rose to $239 million from $189.7 million a year ago. For the six months ended June 30, GTSI lost $2.9 million (34 cents) and posted $417.6 million in revenue, compared with a loss of $614,000 (7 cents) on $368.6 million in revenue in the same period of 2003. Shares of GTSI closed yesterday at $10.99, down 19 cents.
* Federal awards of information technology prime contracts rose in the second quarter to more than $23 billion, a 50 percent increase from the same quarter a year ago, according to a report by Input, a Reston provider of government market intelligence. The Department of Homeland Security awarded the most money, $10.7 billion in contracts, of which $10 billion was from the award of the U.S. Visitor and Immigration Status Indication Technology System.
* Anteon International, a Fairfax information technology and engineering company, said it acquired Simulation Technologies, a privately held provider of modeling and simulation software based in San Antonio. Anteon paid $15 million in the cash deal, funded through cash-on-hand and existing credit facilities.
* TeleCommunication Systems, an Annapolis provider of wireless data technology, said it has been awarded a multi-year contract with the National Capitol Region-Director of Information Management Enterprise Operations and Maintenance at Fort Belvoir. Under the contract, worth up to $20 million, TeleCommunication Systems will provide information technology support services and systems integration to the unit at Fort Belvoir and six other Army installations.
Compiled from reports by Washington Post staff writers.