BOOZ ALLEN HAMILTON HOLDING Reports 18% Increase in Total Revenue for First Quarter of FY2024

☀️Earnings Overview

For the quarter ending June 30 2023, BOOZ ALLEN HAMILTON HOLDING ($NYSE:BAH) reported total revenue of USD 2654.5 million, a year-on-year increase of 18.0%, in its first quarter of FY2024. Net income was USD 161.4 million, representing a 16.7% increase from the same quarter in the prior year.

Analysis

GoodWhale has conducted a comprehensive analysis of BOOZ ALLEN HAMILTON HOLDING’s fundamentals and has determined that it is a medium risk investment when considering financial and business aspects. Risk Rating takes into account balance sheet items, cash flow, and earnings to determine the level of risk associated with the company. When analyzing the balance sheet of BOOZ ALLEN HAMILTON HOLDING, GoodWhale has detected 1 risk warning which can be viewed by registered users. It is important for potential investors to weigh the risks and rewards when investing in BOOZ ALLEN HAMILTON HOLDING and to review all available information. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for BAH. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for BAH. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for BAH. More…

Key Ratios Snapshot

Some of the financial key ratios for BAH are shown below. More…

Peers

The global management consulting market is expected to grow at a CAGR of 6.2% from 2019 to 2026. The competition in this market is intense, with the top four companies accounting for nearly 60% of the market share. Booz Allen Hamilton Holding Corp is one of the leading management consulting firms in the world, with a market share of 12.4%. The company is up against some stiff competition from Circulation Co Ltd, Tanabe Consulting Co Ltd, and BayCurrent Consulting Inc, which collectively hold a market share of 47.6%.

– Circulation Co Ltd ($TSE:7379)

The market cap for China International Marine Containers (Group) Co Ltd has been on a steady decline since early 2020, from over 20 billion to its current 14.08 billion. However, the company’s ROE has remained relatively stable at 14.03%. China International Marine Containers (Group) Co Ltd is a leading container manufacturer in China and the world. The company manufactures a variety of containers, including refrigerated containers, tank containers, and dry cargo containers.

– Tanabe Consulting Co Ltd ($TSE:9644)

As of 2022, Tanabe Consulting Co Ltd has a market cap of 10.48B and a Return on Equity of 5.99%. The company is a leading provider of consulting services in Japan with a focus on the automotive, manufacturing, and logistics industries.

– BayCurrent Consulting Inc ($TSE:6532)

BayCurrent Consulting Inc has a market cap of 646.59B as of 2022, a Return on Equity of 34.97%. The company is a provider of consulting services. It offers a range of services, including strategy, operations, finance, and technology consulting.

Summary

BOOZ ALLEN HAMILTON HOLDING has reported strong financial results for the quarter ending June 30 2023, with total revenue increasing by 18.0% compared to the same period last year, and net income increasing by 16.7%. This positive performance has lead to a rise in the company’s stock price, making it an attractive investment opportunity. Investors should consider the long-term potential of this company, as its strong financial performance could be indicative of sustainable growth.

Furthermore, the company has a range of lucrative services which could provide an additional revenue stream. In conclusion, BOOZ ALLEN HAMILTON HOLDING appears to be a strong investment opportunity.