Federal Contract Award RisksEven with positive federal developments, there remains some risk heading into the seasonally important third quarter when many federal contracts are typically awarded.
Federal Contract Procurement ConcernsManagement expressed concern about the pace of contract procurement activity with the federal government, which could impact future revenue from federal IT modernization.
Federal Revenue Decline ImpactStrong growth in commercial energy was offset by a revenue decline in the federal government client market, impacted by contract funding curtailments and a slower pace of project and procurement activity.