DLH Holdings Corp. (NASD: DLHC), a provider of healthcare and logistics staffing and solutions to the federal government, reported revenue rose 59.6% in its fiscal fourth quarter ended Sept. 30. The company attributed the increase primarily to the May acquisition of Danya International LLC and the expansion of services on existing contract vehicles.

Organic growth was 4.4%.

Quote

“As we turn the corner on fiscal 2016, it’s gratifying to look back and see what we’ve accomplished in a relatively short period of time,” said President and CEO Zach Parker. “Bolstered by the acquisition and integration of Danya, as well as subsequent actions taken to pay down debt, we’ve positioned the company for stronger returns going forward."

Parker continued, “Looking ahead, we see the potential for higher top line expansion if the new administration takes a more active role in outsourcing services, strengthening veterans’ healthcare, and driving IT modernization. We believe DLH is uniquely qualified to offer federal agencies the best in telehealth and data-driven healthcare management, and we look forward to the challenges — and opportunities — that fiscal 2017 will bring.”

Full-year results

Share price and market cap

Shares in DLH fell 3.38% to $6.87 in late morning trading. DLH has a market cap of $71.49 million, according to Yahoo.