SRA International (NYSE: SRX) reported estimate-beating growth in both earnings per share and revenues.
The firm reported the following: “Net income increased to $20.9 million or $0.36 per share from $17.48 million or $0.30 per share a year ago. Excluding special items, adjusted income would have been $21.15 million or $0.36 per share for the quarter. On average, 13 analysts polled by Thomson Reuters expected earnings per share of $0.33 for the quarter. Analysts’ estimates typically exclude special items.”
“We’re pleased to report financial results in the fourth quarter that exceed our prior guidance ranges, ” CEO Stan Sloane said. “Our pipeline of opportunities continues to grow, and now includes a record $2.7 billion of pending bids. Our backlog of signed business orders has grown 10% year-over-year, providing a solid foundation for revenue growth in fiscal year 2011.”