KEYW says 2012 profits rise to $1 million

KEYW Holding Corp., a Hanover cybersecurity company, said Wednesday that it had $1 million in profit last year, nearly double its profit of $535,000 in 2011.

The company reported $243.5 million in revenue last year, up 28 percent from $190.6 million the previous year. Earnings per share were 3 cents last year, up from 2 cents in 2011. The company said one-time expenses, including acquisition costs, reduced per-share earnings by 42 cents in 2012.

KEYW, which specializes in intelligence and defense work, said it employed 1,104 people at the end of December.

KEYW announced earnings after the market's close. Its stock rose 62 cents to close at $13.07 a share on Wednesday.

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