Booz Allen Hamilton Holding Corporation
Booz Allen Hamilton Reports Strong Third Quarter Fiscal 2024 Results and Provides Fiscal 2024 Outlook
Summary
Booz Allen Hamilton Holding Corporation reported robust financial results for the third quarter of fiscal year 2024, with revenue increasing by 12.9% to $2.6 billion and revenue, excluding billable expenses, rising by 13.0% to $1.8 billion. Operating income surged by 322.2% to $247.6 million, while net income attributable to common stockholders increased by 369.9% to $145.6 million. The company also provided an outlook for the full fiscal year 2024, anticipating revenue growth of 14.0% to 15.0% and adjusted EBITDA of $1,155 to $1,175 million.
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About Booz Allen Hamilton Holding Corporation
Booz Allen Hamilton Holding Corporation is a management consulting company that specializes in providing services primarily to the U.S. government. Founded in 1914 and headquartered in McLean, Virginia, the company offers expertise in consulting, analytics, digital solutions, engineering, and cyber security. Booz Allen Hamilton plays a significant role in sectors such as defense, intelligence, and civil government, offering strategic and transformative solutions to complex challenges faced by federal clients. Known for its deep understanding of governmental needs, the company helps in tackling national security issues, optimizing mission-oriented technological capabilities, and improving efficiency. Beyond its governmental focus, Booz Allen also serves commercial clients, leveraging its extensive experience to drive business innovation and digital transformation. As a major player in the consulting arena, Booz Allen Hamilton's contributions are critical in aiding organizations to navigate intricate strategic landscapes, reinforcing its market significance in the realms of technology and management consulting.
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