Home / Financial Report / SRA Records Q2 Increase in Revenue, Operating Income; Bill Ballhaus Comments

SRA Records Q2 Increase in Revenue, Operating Income; Bill Ballhaus Comments

Bill Ballhaus
Bill Ballhaus

SRA International posted $342 million in revenue for the second quarter of its 2015 fiscal year, up from almost $334 million in the prior-year period, the Washington Business Journal reported Tuesday.

Jill Aitoro writes SRA announced Tuesday the company saw its Q2 operating income grow to $20.22 million from the $13.07 million recorded in the same period a year ago.

“We see a number of signs that [our efforts] are paying off, ” Bill Ballhaus, president and CEO of SRA, told analysts during a conference call Monday.

Ballhaus, an inductee into Executive Mosaic’s Wash100 list for 2015, also forecasts the company to reach an “inflection point” this year as the organization continues to invest in business development initiatives, according to the publication.

The company raised money over the last year to pay off $210 million of its outstanding $875 million term loan, Aitoro reports.

Check Also

BAE Selected to Develop Cybersecurity Tools for DARPA’s SafeDocs Initiative

The Defense Advanced Research Projects Agency has awarded BAE Systems a contract to develop two cybersecurity tools designed to protect electronic files as part of DARPA's Safe Documents program.

Accenture’s Federal Unit to Support Army ERP System Under Potential $76M Contract

Accenture's (NYSE: ACN) federal services business has won a potential six-year, $75.8M hybrid contract to provide support services for the U.S. Army's unified enterprise resource planning system.