Booz Allen Releases Quarterly Financial Results; Shrader Comments

Booz Allen Hamilton (NYSE: BAH) has released its first quarter 2012 financial results.

The company reported adjusted net income of $58.0 million, a 39 percent increase over the $41.7 million it reported for the prior year period.

Booz Allen’s adjusted diluted earnings per share rose 20.5 percent from $0.34 to $0.41 over that period.

Quarterly revenue grew 7.8 percent year-over-year to $1.45 billion from $1.34 billion .

“We are off to a good start in our new fiscal year, growing revenue in all of our major markets, ” said Ralph W. Shrader, Booz Allen’s chairman, president and CEO. “Booz Allen remains focused on quality growth – providing high-value, differentiated services to our clients on missions that matter. From a financial management standpoint, we continue to grow organically, our total backlog is at an all-time high and we continue to generate strong free cash flow.”

Click here for the full financial release.

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