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Booz Allen’s Ralph Shrader Talks Growth amid Financial Announcement

Booz Allen Hamilton (NYSE: BAH) released preliminary results for the third quarter of fiscal 2011 “with double-digit revenue growth and significant earnings growth over the prior year period.”

The report marks the first financial results for Booz Allen since becoming a public company.

The firm reported revenue for the third quarter of fiscal 2011 reached $1.39 billion, compared with $1.26 billion in the prior year period, a 10 percent jump.

“We are off to a strong start as a public company, achieving double-digit revenue growth with improved margins, ” CEO Ralph Shrader said. “We grew the top and bottom line in the third quarter from the first two quarters of fiscal 2011 and compared to the prior year period. We also grew our backlog to $11 billion as of Dec. 31, 2010.  This demonstrates the continued strong client demand for Booz Allen’s services and our long-standing ability to win new work and recompetes in a highly competitive marketplace.  Booz Allen’s services grew across all major markets – defense, intelligence and civil – with the highest growth coming in areas related to cybersecurity, health and consulting services for civil government agencies.”

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