UPDATE: Booz Allen Hamilton Reports 10.4% Rise In Q4 Revenue

Booz Allen Hamilton Holding Corporation BAH released its results for the fourth quarter on Tuesday. BAH reported its quarterly net income at $18.1 million, up from $4.9 million, in the year-ago period. Its adjusted net income surged to $50.5 million from $20.1 million. BAH's diluted earnings per share (EPS) and adjusted diluted EPS came in at $0.13 and $0.36, respectively, versus $0.04 and $0.17, in the year-ago period. Its revenue rose to $1.49 billion, from $1.35 billion in the prior year period. However, analysts were expecting earnings of $0.28 per share on revenue of $1.51 billion. Booz Allen Hamilton projects FY12 adjusted earnings of $1.55 to $1.65 per share, versus analysts' estimates of $1.52 per share. Ralph W. Shrader, Booz Allen's Chairman, Chief Executive Officer, and President, said, "We grew revenue in all of our major markets – defense, intelligence, and civil – for the full fiscal year and the fourth quarter. Additionally, we saw profitability gains due in part to a larger percentage of higher-margin, fixed-price work. Our ability to grow even in a challenging and uncertain budget environment is testament to our unique management consulting heritage, collaborative culture, and continued ability to deliver value and enduring results to our clients." BAH shares fell 0.23% to close at $17.68 yesterday. Read more from Benzinga's Company news.