TheStreet

Shares of Booz Allen Hamilton (BAH - Get Report)  rose 1.2% to $70.01 Monday after the defense contractor beat Wall Street's fiscal first-quarter earnings and revenue forecasts.

The McLean, Virginia-based company reported net income of $117 million, or 83 cents a share, up from $104 million, or 72 cents a share, a year ago. Analysts were expecting the company to earn 72 cents a share. 

Revenue totaled $1.83 billion, up from $1.65 billion a year ago, and beat Wall Street's forecast of $1.65 billion. Total backlog increased by 16.2% from the prior-year period to $19.9 billion.

The company affirmed its earlier guidance for fiscal 2020, with revenue growth ranging from 6% to 9%, and adjusted earnings ranging from $2.90 to $3.05 a share. The contractor said its headcount was up 7.4% from a year ago to 26,384, marking its highest headcount ever at the end of a quarter.

"Our plan for the year was to come out of the gates fast, and the team delivered," Horacio Rozanski, president and CEO, said in a statement. "Our strong operational and financial performance in the first quarter puts us on the right path for this fiscal year and beyond."

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