Booz Allen Posts Q2 Revenue Growth, Boosts FY 2023 Outlook; Horacio Rozanski Reports Progress on Operational Priorities

Booz Allen Hamilton (NYSE: BAH) registered sales of $2.3 billion for the second quarter of its 2023 fiscal year, exceeding the prior year period figure by 9.2 percent.

The management and information technology consultancy said earnings came in at $1.28 per diluted share for the quarter, which ended Sept. 30, a figure 14 cents higher than reported a year ago while adjusted net income rose 4.5 percent year-over-year to $177.8 million.

Horacio Rozanski, president and CEO of Booz Allen, touted the company’s progress on its four FY 2023 operational priorities in an earnings call held Friday.

The two-time Wash100 winner told analysts that hiring remains the top priority for the company and reported a 4.2 percent growth in client staff headcount within the prior 12 months amid a competitive labor market.

Rozanski added that Booz Allen will continue to seek opportunities to win work “at the intersection of key missions and new technology,” manage costs through a period of inflation and deploy capital to create value for shareholders.

He expects the firm’s national cyber business to expand through its recently closed acquisition of EverWatch.

Booz Allen lifted full-year earnings per share and revenue guidance. The company forecasts sales to grow between 18 percent and 10 percent to hit the range of $975 million to $1.02 billion.

The updated EPS outlook is $4.25-$4.50 versus the previous $4.15–$4.45 range.

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