Titan Corp.’s revenues are on the rise.
The local defense-turned-technology company reported $175 million in revenues for the first quarter of fiscal 2000, a 39 percent increase over the same period last year.
“Each of our current core businesses continues to achieve significant operational and financial milestones,” said Gene Ray, Titan’s chairman, president and CEO.
Over the past quarter those milestones have included commencement of satellite-based long-distance telephony operations in five countries; the signing of a strategic alliance to develop E-commerce solutions for vertical markets; and an agreement with Kraft Foods to provide electronic pasteurization services.
Titan’s subsidiaries include Cayenta, an E-business solutions firm; SureBeam, which specializes in food pasteurization and medical sterilization; Titan Wireless, a satellite communications firm; and Titan Systems, which specializes in government information technologies.