
• Reported GAAP EPS of $1.64 up 12.33% YoY • Reported revenue of $2.62B down -10.19% YoY • Booz Allen Hamilton began actions in the third fiscal quarter to reduce costs by approximately $150 million annually. The company expects to recognize about 65% of remaining performance obligations as revenue over the next 12 months.
Bullish
Booz Allen Hamilton achieved a 7% net income increase and higher EPS, driven by $801 million in operating cash flow, and recognized a $7 million pre-tax gain from a strategic divestiture.
Bearish
Booz Allen Hamilton's revenue decreased 10% due to a slowed procurement environment, leading to a 21% drop in operating income and margin compression, alongside ongoing government budgetary uncertainty.