Horacio Rozanski, president and CEO of Booz Allen Hamilton and a two-time Wash100 awardee, said he believes the company is geared up for growth driven by its recent financial performance and market position to address federal agency clients’ demand for technologies, The Washington Business Journal reported Friday.
“We remain in a growth posture,” Rozanski said. “What I believe is there is an opportunity to continue to help our clients make this transformation toward digital and toward new technologies. And if anything, in a tight budget, those are going to be more important because of the efficiencies they create. So we’re well-positioned, I believe, as a company to capture upside from effectiveness, but also capture upside from efficiency as we help our clients make this transition.”
He said the company may leverage asset price volatility to pursue possible tuck-in acquisitions to boost capabilities.
Booz Allen recorded $1.96B in revenue during the first quarter of fiscal 2021, reflecting a 7.2 percent growth from the prior-year period. The company reported $213M in Q1 FY 2021 adjusted earnings before interest, taxes, depreciation and amortization and saw its net income rise 10.2 percent to $129.3M.