India, July 25 -- Booz Allen Hamilton Holding Corporation (BAH) Friday reported higher profit for the first quarter despite a slight decline in revenue.
Net income for the quarter increased 64.2% from last year to $271 million, and EPS rose 70.1% to 2.16.
Excluding one-time items, adjusted net income rose to $184 million or $1.48 per share from $180 million or $1.38 per share a year ago. On average, 13 analysts expected earnings of $1.45 per share for the quarter. Analysts' estimates typically exclude special items.
EBITDA, or adjusted earnings before interest, taxes, depreciation, and amortization was $297 million, 0.3% higher than last year's $296 million. Adjusted EBITDA grew 3% to $311 million.
Revenue for the quarter decreased 0.6%...