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Booz Allen Hamilton upbeat after solid 2013 financial results

Dr Ralph Shrader

McLean, Virginia: Booz Allen Hamilton Holding Corporation , the parent company of management and technology consulting firm Booz Allen Hamilton Inc., saw a modest decline in full-year revenue and a solid improvement in earnings in the year to March 31, 2013. Booz Allen also reported a total backlog of $11.83 billion, up over $1 billion on the year.

Revenue in the fourth quarter of fiscal 2013 was $1.55 billion, compared with $1.54 billion in the prior year period, an increase of 0.3 percent. In fiscal year 2013, revenue was $5.76 billion, compared with $5.86 billion in the prior year period, a decrease of 1.7 percent.

In fiscal 2013, adjusted net income increased to $239.5 million from $227.2 million in fiscal 2012, while net income decreased to $219.1 million from $240.0 million in fiscal 2012.

Ralph Shrader, Booz Allen's Chairman, Chief Executive Officer, and President, said, "We are proud to have maintained revenue close to last year's levels and to have increased our adjusted earnings, demonstrating demand for our services from clients and our ability to manage our business well despite a challenging market environment. In fiscal year 2013, we returned more than eight dollars per share in total dividends to our stockholders and today are announcing an 11 percent increase in our regular quarterly dividend to $0.10 per share — demonstrating our continued focus on delivering value to our stockholders."

"Booz Allen is winning new work in all of our major markets — with large contract awards in the fourth quarter of fiscal 2013 from the US Army, Air Force, Navy and Marine Corps, NASA, the Department of Homeland Security, Department of the Interior, and the intelligence agencies. We are effectively managing non-billable cost which is important in today's highly-competitive environment, and we are investing in our company's future through strategic acquisitions and continued investment in core and emerging business areas, including the creation of our new Strategic Innovation Group to drive growth and build capabilities in areas such as predictive intelligence, hardware and software prototyping, and advanced analytics," Shrader said.

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