Regina Garcia
Booz Allen Hamilton booked $2.28 billion in revenue for the third quarter of its 2023 fiscal year, a 12.1 percent increase over the year-ago period.
Sales rose to $6.83 billion for the nine months ended Dec. 31, 2022, from the $6.13 billion recorded in the prior-year period, the management and information technology consultancy said Friday.
“As we continue to execute our VoLT growth strategy, we are bringing differentiated technology solutions to critical missions faster than ever and are well-positioned for continued growth aligned with our Investment Thesis,” said Horacio Rozanski, president and CEO of Booz Allen.
Net income for the quarter was $31 million, diluted earnings amounted to 23 cents per share and operating income reached $58.6 million.
Quarterly backlog climb 8.2 percent to $30.4 billion.
Booz Allen’s full FY 2023 outlook forecasts revenue growth at 9.5 percent to 10.5 percent and adjusted diluted EPS to reach the $4.35-$4.50 range versus the previous $4.25-$4.50 range.
The company declared a dividend of 47 cents per share payable on March 1 to shareholders on record as of Feb. 10.
Shares of Booz Allen opened slightly higher on Friday at $97.28, compared to a previous close of $97.16.
Booz Allen is a sponsor of the Potomac Officers Club’s in-person 4th Annual Artificial Intelligence Summit, scheduled for Feb. 16 at Hilton-McLean in Virginia. Register here.
