Booz Allen Hamilton (NYSE: BAH) topped analyst expectations in the second quarter of its 2020 fiscal year with a revenue growth of 12.7 percent over the same period last year, the Washington Business Journal reported Friday.
The McLean, Va.-based company posted $1.82B in Q2 2020 revenue and partially attributed the increase to sustained demand from clients.
Horacio Rozanski, CEO of Booz Allen and two-time Wash100 Award recipient, said the latest quarterly performance aligned with the firm's first-half projections and the company has lifted its guidance despite the current federal budget scenario.
Rozanski also noted during an earnings call held Friday that the company is set to unveil a limited-release artificial intelligence platform at NVIDIA's GPU Tech Conference on Monday.
“We think of AI as both a key component of our traditional business, our labor-based business, and as a huge option-type value opportunity for the future,” he added.
Booz Allen has worked with the Department of Defense, including DoD's Joint Artificial Intelligence Center, in efforts to transition AI technology from the laboratory to the field, according to Rozanski.