By Rob Curran
Booz Allen Hamilton boosted its projections for operating earnings and revenue growth for the current fiscal year.
The McLean, Va., high-tech defense contractor now anticipates adjusted earnings between $4.95 and $5.10 a share for the year ending in March, up from a prior estimated range between $4.80 and $4.95.
Booz Allen boosted its revenue growth projection to a range between 11% and 14%, up from a prior targeted range of 7% to 11%. Based on fiscal 2023 revenue of $9.2 billion, the new guidance amounts to a range between $10.21 billion and $10.49 billion.
The company raised its fiscal 2024 estimate for adjusted earnings before interest taxes, depreciation and amortization to a range between $1.12 billion and $1.15 billion from its former targeted range between $1.08 billion and $1.1 billion.
Booz Allen continues to expect cash provided by operating activities in a range between $160 million and $260 million.
Write to Rob Curran at [email protected]
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