Revenue during the quarter grew 7.42 percent to $1,404.64 million from $1,307.66 million in the previous year period. Gross margin for the quarter expanded 176 basis points over the previous year period to 53.57 percent. Total expenses were 92.30 percent of quarterly revenues, up from 91.96 percent for the same period last year. That has resulted in a contraction of 34 basis points in operating margin to 7.70 percent.

Operating income for the quarter was $108.12 million, compared with $105.12 million in the previous year period.

However, the adjusted operating income for the quarter stood at $109.18 million compared to $106.17 million in the prior year period. At the same time, adjusted operating margin contracted 35 basis points in the quarter to 7.77 percent from 8.12 percent in the last year period.

"Booz Allen Hamilton pivoted to growth a year ago and continues to grow on a healthy trajectory," said Horacio Rozanski, president and chief executive officer. "The people of Booz Allen are implementing our long-term strategy for sustainable, quality growth by consistently delivering exceptional client service and advanced solutions that integrate mission knowledge, consulting expertise, and technical prowess."

For fiscal year 2017, Booz Allen Hamilton Holding Corporation forecasts revenue to grow in the range of 4 percent to 6 percent. It expects diluted earnings per share to be in the range of $1.65 to $1.69. It expects diluted earnings per share to be in the range of $1.70 to $1.74 on adjusted basis for the same period.

The company has spent $30.76 million cash to meet investing activities during the nine month period as against cash outgo of $96.45 million in the last year period.

The company has spent $90.19 million cash to carry out financing activities during the nine month period as against cash outgo of $124.66 million in the last year period.

Cash and cash equivalents stood at $349.62 million as on Dec. 31, 2016, up 109.23 percent or $182.52 million from $167.10 million on Dec. 31, 2015.

Working capital increases sharply
Booz Allen Hamilton Holding Corporation has recorded an increase in the working capital over the last year. It stood at $437.76 million as at Dec. 31, 2016, up 28.49 percent or $97.05 million from $340.71 million on Dec. 31, 2015. Current ratio was at 1.48 as on Dec. 31, 2016, up from 1.43 on Dec. 31, 2015.

Days sales outstanding went down to 57 days for the quarter compared with 60 days for the same period last year.

Debt comes down marginally
Booz Allen Hamilton Holding Corporation has recorded a decline in total debt over the last one year. It stood at $1,563.99 million as on Dec. 31, 2016, down 1.46 percent or $23.21 million from $1,587.20 million on Dec. 31, 2015. Total debt was 49.39 percent of total assets as on Dec. 31, 2016, compared with 53.50 percent on Dec. 31, 2015. Debt to equity ratio was at 2.75 as on Dec. 31, 2016, down from 4.17 as on Dec. 31, 2015. Interest coverage ratio improved to 7.63 for the quarter from 5.92 for the same period last year.