SI International expects 2Q profit to fall

Business software and computer network developer SI International Inc. said Tuesday it expects its fiscal second-quarter profit to fall at least 18 percent.

The company said it expects to earn 27 to 31 cents per share, for the quarter ending June 30. It earned 38 cents per share in the 2007 second quarter.

It forecast sales between $134 million and $140 million, compared with sales of $118.8 million in the 2007 first quarter.

Analysts polled by Thomson Financial expect profit of 32 cents per share on sales of $135.4 million.

For the 2008 full year, the company said it expects net income between $1.40 and $1.50 per share. It earned $19.3 million or $1.45 per share in the 2007 fiscal year.

It also forecast sales of between $560 million and $580 million, compared with sales of $510.8 million last year.

Analysts polled by Thomson Financial expect profit of $1.42 per share on sales of $565 million.

Shares of Reston, Va.-based SI fell $1.14, or 4.9 percent, to $22.11 in afternoon trading. They have traded in the past year between $18.85 and $34.87.