(Reuters) - Booz Allen Hamilton Holding Corp’s (BAH.N) quarterly profit topped estimates and the government consultancy firm raised its 2012 adjusted earnings outlook as it expects more high-margin fixed-price work this fiscal.
The company, which provides consultancy services to U.S. government agencies, sees 2012 adjusted earnings of $1.55-$1.65 a share, up from prior estimates of $1.45-$1.55 a share.
Booz Allen, founded in 1914 and listed on the New York Stock Exchange in November last year, is majority-owned by the Carlyle Group CYL.UL through Explorer Coinvest.
Booz Allen’s adjusted fourth-quarter earnings of 36 cents a share beat analysts’ average estimate of 28 cents, according to Thomson Reuters I/B/E/S.
The fourth quarter was helped by strong demand from its defense, intelligence, and civil customers, the company said.
Revenue rose 10 percent to $1.49 billion.
Shares of the McLean, Virginia-based company, with a market value of about $2.3 billion, closed at $17.68 on Monday.
Reporting by Divya Sharma in Bangalore; Editing by Saumyadeb Chakrabarty and Don Sebastian