McLean, Virginia: Booz Allen Hamilton Holding Corporation, the quoted parent company of management and technology consulting firm Booz Allen Hamilton Inc., yesterday reported modest earnings and revenue growth in its fourth quarter to March 31, and in its full 2012 fiscal year.
- Fourth quarter revenue increased 3.2 percent, to $1.54 billion
- Full year revenue increased 4.8 percent to $5.86 billion
- Total backlog at fiscal year-end was $10.8 billion
Revenue in the fourth quarter of fiscal 2012 was $1.54 billion, compared with $1.49 billion in the same period in 2011, an increase of 3.2 percent. In fiscal year 2012, revenue was $5.86 billion, compared with $5.59 billion in 2011, an increase of 4.8 percent. During fiscal 2012, Booz Allen says it continued to grow revenue organically across all major markets.
In the fourth quarter of fiscal 2012, net income increased to $50.6 million from $18.1 million in the same quarter of 2011.
In fiscal 2012, net income increased to $240.0 million from $84.7 million in fiscal 2011.
Ralph W. Shrader, Booz Allen's Chairman, Chief Executive Officer, and President, said, "We continued to grow revenue organically in all of our major government markets — defense, intelligence, and civil — and we expanded our commercial and international business this year following the expiration of the non-compete agreement with our spin-off company on July 31, 2011. We grew net income, EBITDA, and earnings per share, demonstrating our ability to manage our business well despite a challenging market environment."
"Booz Allen is committed to being essential and differentiated. We believe our success comes from superbly serving our clients in their core missions, bringing innovative thinking to bear on client problems and opportunities, and developing the solutions to help clients deliver more and better services to citizens and customers. In areas ranging from cyber and cloud-based services to health, finance, infrastructure, and intelligence-surveillance-reconnaissance, we are seeing continued demand for our services."