SRA Announces Financial Results for First Quarter of Fiscal Year 2011: EPS of $0.32

SRA International, Inc. SRX, a leading provider of technology and strategic consulting services and solutions to government organizations and commercial clients, today announced operating results for the first quarter of fiscal year (FY) 2011, which ended September 30, 2010. Revenue for the quarter was $423.9 million, up 1.7% from $416.7 million in the September 2009 quarter, driven by the recent acquisitions of PQA and Sentech. Operating income for the quarter was $30.0 million, for an operating margin of 7.1%. Income from continuing operations was $18.5 million, for a net margin of 4.4%. Diluted earnings per share (DEPS) from continuing operations for the quarter were $0.32. Operating cash flow was $34.8 million and free cash flow was $31.2 million.