DLH Holdings Corp. (NASD: DLHC), a provider of healthcare and logistics staffing and solutions to the US government, reported revenue rose 6.6% in its fiscal second quarter ended March 31, due primarily to expansion on existing contracts vehicles resulting from program management and customer satisfaction.

The Atlanta-based firm also reported gross margin benefited from higher revenue and improved performance on contracts.

DLH reported net income of $332,000 in the second quarter compared to a net loss of $82,000 in the prior year’s second quarter, due principally to $200,000 increased income from operations, a $500,000 reduction in non-operational other expense, partially offset by a $300,000 increase in provision for taxes.

The company earlier this month completed its acquisition of Danya International, a provider of program management, consulting and digital communications solutions.

Quote

“We believe that Danya represents the perfect complement to DLH's culture, services and solutions, and accomplishes many of the strategic goals and objectives that underpin our growth plan,” said President and CEO Zach Parker. “Together, the two companies are not only better positioned to execute on their respective programs and missions, but we believe are also able to leverage the combined capabilities of the ‘new’ DLH to target larger opportunities that would have previously been unavailable to either company standalone.”

Share price and market cap

Shares in DLH rose 0.67% to $4.53 in early afternoon trading today and DLH has a market cap of approximately $44.02 million, according to Yahoo!