Booz Allen Hamilton (NYSE: BAH) saw its revenue climb 10.8 percent to $2.94 billion during the first quarter of fiscal year 2025 and recorded $255.2 million in operating income, up 8.9 percent from the prior-year period.
The McLean, Virginia-based information technology and management consulting firm said Friday net income rose 2.4 percent to $165.2 million, earnings before interest, taxes, depreciation and amortization grew 7.2 percent to $296.3 million and diluted earnings per share increased 4.1 percent to $1.27.
Booz Allen ended the quarter with a total backlog of $36.2 billion, up 15.7 percent from the same period last year, and a quarterly book-to-bill ratio of 1.72x.
It posted a 10.6 percent quarterly increase in organic revenue and an 8.4 percent growth in revenue, excluding billable expenses.
CEO Horacio Rozanski on VoLT Strategy, Top Priorities
At Friday’s earnings call, Horacio Rozanski, chairman, president and CEO of Booz Allen, discussed the company’s progress in implementing the VoLT strategy and its top three priorities for the remainder of the fiscal year.
“VoLT, which stands for Velocity, Leadership and Technology, has put us at the center of the tech transformation taking place across national priority missions. Our ability to help clients utilize dual-use and leading-edge technologies faster and at scale is a powerful differentiator,” he told analysts.
Rozanski, a two-time Wash100 awardee, cited contracts that protect national security interests in space, an expanding presence supporting U.S. European Command and Booz Allen’s acquisition of PAR Government Systems as examples of how VoLT is driving momentum at the company.
The chief executive also cited the company’s top three operational priorities and the first is taking full advantage of its record proposal pipeline, such as winning new work and recompete contracts, introducing new programs and hiring top professionals.
“Second, we will continue to manage the business tightly to drive efficiency and effectiveness across all our functions. … And third, we will continue to implement VoLT at full speed by building the next-generation technology solutions and market positions, securing breakthrough technology partnerships, and maturing our internal capabilities,” Rozanski added.
