Fri, May 24, 10:53 AM (150 days ago)
Booz Allen Hamilton Holding Corporation (BAH) reported its annual financial performance for the fiscal year ended March 31, 2024. Key financial highlights include: - **Revenue**: The company derived 98% of its revenue from U.S. government contracts, with total revenue distribution across defense (47.1%), intelligence (16.6%), and civil clients (34.3%). - **Net Income**: Specific figures for net income were not provided in the text. - **Operating Expenses**: Detailed operating expenses were not disclosed. - **Earnings Per Share (EPS)**: Not explicitly mentioned. - **Strategic Overview**: Booz Allen focuses on leveraging its expertise in AI, cybersecurity, and engineering to deliver comprehensive solutions to government and commercial clients. The company emphasizes innovation and strategic investments to maintain sustainable growth. - **Future Outlook**: The company aims to continue its growth by investing in new technologies and expanding its capabilities to meet future client needs, particularly in digital transformation and cybersecurity. - **Risk Factors**: Key risks include changes in U.S. government spending, compliance with complex regulations, cybersecurity threats, and challenges in attracting and retaining skilled employees. - **Financial Condition**: The company maintains a strong market position with significant contract backlog valued at $33.8 billion, reflecting its robust pipeline of future work. - **Market Position Changes**: Booz Allen continues to secure high win rates for new and re-competed contracts, demonstrating competitive strength in the government contracting sector.