shares of dycom industries inc rose after the contractor posted a gain in contract revenues of about 20 with executives saying a recent uptick in government funding for the buildout of fiberoptic networks has boosted business the stock jumped 21 to 10186 a share in morning trading for the three months ended jan 29 the company posted a fourthquarter profit of 248 million or 83 cents a share compared with 794000 or 3 cents a share in the same period a year earlier contract revenues which strips out onetime projects like storm restoration rose to 9175 million from 7615 million on a conference call to discuss quarterly results chief executive steven nielsen attributed much of the jump in revenue to rising demand for highcapacity fiber networks mr nielsen said substantially all states have begun to fund fiberexpansion projects to bring highspeed internet to rural america even before the roughly 43 billion package from the infrastructure investment and jobs act is expected to be deployed in the coming years dycom provides contracted engineering planning and programmanagement services to the telecommunications and utilities industries mr nielsen said there have been challenges including labor availability and supplychain issues but that demand from the fiber builders has continued to grow write to will feuer at willfeuerwsjcom