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Aecom reports lower Q1 profit

Confidence remains thanks to backlog; chief tech officer for Aecom Environment

06-Feb-12  Aecom has released information about its financial performance during the last three months of 2011, which represented the first quarter (Q1) of its current financial year. Although gross revenue was up 5% on the same period the previous year, totalling $2.0 billion, net revenue grew just 1%, to $1.2 billion. Less positively, profitability fell by 16% compared to Q1 2010/11, to $48 million. Despite poorer profit performance, Aecom says...