Booz Allen Hamilton Holding Corporation (NYSE: BAH) has announced its first quarter fiscal year 2025 results, showcasing strong top-line performance with double-digit revenue growth and double-digit organic revenue growth. In comparison to the first quarter of fiscal year 2024, the company reported a 10.8% increase in quarterly revenue to $2.94 billion, with a 10.6% increase in organic revenue and an 8.4% increase in revenue excluding billable expenses.
The company's quarterly diluted earnings per share (EPS) stood at $1.27, up 4.1% from the prior year period. Adjusted diluted EPS was reported at $1.38, reflecting a 6.1% decrease from the first quarter of fiscal year 2024.
Booz Allen Hamilton also noted a 7.7% year-over-year increase in client staff headcount and a 15.7% rise in quarterly backlog to $36.2 billion. The quarterly book-to-bill ratio was reported at 1.72x.
While the company reported a 2.4% increase in net income to $165.2 million, adjusted net income decreased by 7.0% to $179.6 million. Operating income saw an 8.9% increase to $255.2 million, and adjusted EBITDA increased by 7.2% to $296.3 million. However, adjusted EBITDA margin on revenue decreased by 11.2% to 10.3%.
Despite the mixed financial performance, the company expressed confidence in its strategic and operational momentum, emphasizing its commitment to achieving fiscal year guidance and its multi-year Investment Thesis.
Moreover, Booz Allen Hamilton highlighted its acquisition of PAR Government Systems Corporation (PGSC), which closed in June 2024, as a contributing factor to its solid overall performance in the first quarter of fiscal year 2025. The company's VoLT strategy continues to drive growth as it accelerates clients' national priority missions through transformative technology solutions.
Looking ahead, the firm provided financial outlook and guidance for fiscal year 2025, including revenue growth of 8.0% to 11.0%, adjusted EBITDA of $1,260 to $1,300 million, and adjusted diluted EPS of $5.80 to $6.05.
Booz Allen Hamilton's strategic focus on transforming missions with advanced technologies and its commitment to innovation and client-centric solutions underpin its pursuit of sustained growth and performance.
For additional details and comprehensive financial information, interested parties were invited to participate in the company's conference call and access the Earnings Call Presentation for the first quarter posted on investors.boozallen.com. Today the company's shares have moved -0.3% to a price of $153.58. If you want to know more, read the company's complete 8-K report here.
