Consulting Firm Booz Allen Hamilton's Federal Defense and Civil Markets Drive Q2 Revenue, Raises FY24 Outlook
Portfolio Pulse from Anusuya Lahiri
Booz Allen Hamilton Holding Corp reported Q2 revenue growth of 16% YoY to $2.67 billion, beating the consensus of $2.61 billion. The company saw double-digit organic revenue growth in federal defense and civil markets, strong adjusted EBITDA growth, and double-digit quarterly headcount growth. However, adjusted EPS of $1.29 missed the consensus of $1.33. The company revised its FY24 outlook, expecting sales growth of 11.0% – 14.0% and an adjusted EPS of $4.95 – $5.10.
October 27, 2023 | 12:43 pm
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Booz Allen Hamilton's Q2 results beat revenue consensus but missed on EPS. The company revised its FY24 outlook upwards.
Booz Allen Hamilton's strong Q2 results, particularly in revenue, and the upward revision of its FY24 outlook are likely to have a positive impact on its stock in the short term. However, the missed EPS consensus may temper this positive impact slightly.
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RELEVANCE 100