Booz Allen Hamilton Reports 15.2% Revenue Growth

Booz Allen Hamilton Holding Corporation has recently released its 10-K report, providing a comprehensive overview of its business operations and financial performance. The company offers management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to various clients, including governments, corporations, and not-for-profit organizations in the United States and internationally. Booz Allen Hamilton focuses on artificial intelligence services, data science, engineering, visualization, and analysis capabilities. The company was founded in 1914 and is headquartered in McLean, Virginia.

In its 10-K report, Booz Allen Hamilton highlighted its financial and operational achievements for the fiscal year ended March 31, 2024. The company reported a 15.2% year-over-year revenue growth, reaching $10.66 billion in fiscal 2024, up from $9.26 billion in fiscal 2023. Operating income also saw a significant increase, rising by 126.8% to $1.01 billion in fiscal 2024 from $446.8 million in fiscal 2023. The operating margin expanded to 9.5% from 4.8% in the comparable year, driven by strong demand for services and solutions, along with an increase in headcount to meet that demand.

Booz Allen Hamilton also disclosed non-GAAP financial measurements, including Revenue, Excluding Billable Expenses, Adjusted Operating Income, Adjusted EBITDA, Adjusted EBITDA Margin on Revenue, Adjusted EBITDA Margin on Revenue, Excluding Billable Expenses, Adjusted Net Income, and Adjusted Diluted Earnings Per Share, as well as Free Cash Flow. These non-GAAP measures provide insights into the company's core operating business and exclude the impact of non-operational and unusual or non-recurring items. The company's Free Cash Flow for fiscal 2024 was $192.1 million, reflecting its cash generating ability and liquidity.

Booz Allen Hamilton's 10-K report demonstrates its strong financial performance and continued focus on delivering value to its clients through a diverse range of services and solutions. The company's commitment to innovation and addressing the evolving needs of its clients has contributed to its longstanding relationships and sustained growth in revenue and operating income. As a result of these announcements, the company's shares have moved 3.3% on the market, and are now trading at a price of $157.39. For more information, read the company's full 10-K submission here.

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