Booz Allen Reports 2.5% Revenue Jump in 3Q; Profit Up 12%

Booz Allen HamiltonBooz Allen Hamilton (NYSE: BAH) has announced financial results for the third quarter of its 2015 fiscal year ended Dec. 31, 2014.

The McLean, Va.-based consulting and contracting firm’s fiscal year runs between April 1 and March 31.

Revenue for the third quarter increased 2.5 percent to $1.3 billion from the prior year period and profit rose approximately 11.8 percent to $52.8 million from the prior year period.

Booz Allen attributed the revenue jump in part to no government shutdowns in 2014 and a stabilized federal contract spending environment.

“We are seeing encouraging results from our investments in engineering, systems delivery, cyber, data analytics, and our innovation agenda, as well as in the commercial and international markets, ” said Horacio Rozanski, who started as Booz Allen president and CEO in January.

Rozanski, an inductee into Executive Mosaic’s Wash100 list for 2015, also cited growth in funded and unfunded backlog as a reflection of “a nascent recovery in the government contracting environment, along with a one-percent sequential increase in consulting staff headcount.”

The firm said its funded backlog as of Dec. 31, 2014 was $2.67 billion,  a 7-percent increase from the prior year period.

Unfunded backlog sat at $2.67 billion — 1.4 percent higher than the prior year period.

Booz Allen also announced a 13-cent quarterly dividend for shareholders in its financial statement and an increase in its share repurchase plan from $30 million to $180 million.

Check Also


Vigor Industrial Subsidiary to Modernize Navy Destroyer Ship Under Potential $156M Contract

Vigor Industrial's marine subsidiary has secured a potential $155.6M firm-fixed-price contract to help the U.S. Navy modernize and maintain the USS McCampbell guided missile destroyer. The company will update the ship's mechanical and electrical systems, hull and communications, digital video surveillance and warfighting equipment as part of a depot maintenance availability, the Department of Defense said Monday.


Parsons Gets $178M Intell Community Security Analysis IDIQ; Robert Miller Quoted

Parsons (NYSE: PSN) has secured a potential five-year, $178M contract to help the U.S. intelligence community analyze measures for securing physical and technical assets.