Defense contractor Booz Allen Hamilton (NYSE:BAH) reported a mixed fiscal first quarter on Friday, exceeding analyst expectations for adjusted earnings per share (EPS) but falling slightly short on revenue.
The company reported quarterly adjusted EPS of $1.48, topping the analyst consensus estimate of $1.45. Quarterly sales of $2.92 billion, down by 0.6% year-on-year, missed the street view of $2.94 billion.
The backlog grew by 10.7%, reaching $38 billion, while the quarterly book-to-bill ratio stood at 1.42x. Organic revenue grew by 2.3%. Booz Allen recorded a quarterly operating income of $257 million, compared with $255 million a year ago.
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