SRA Earnings Rise

Guidance is in line.
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SRA International

(SRX)

, a provider of technology and strategic consulting services and solutions, said Wednesday that its first-quarter earnings rose 5% from a year ago.

The Fairfax, Va.-based company's earnings for the quarter were $15.12 million, or 26 cents a share, compared with $14.39 million, or 25 cents a share, year ago. Analysts polled by Thomson First Call were expecting 27 cents a share for the quarter.

First-quarter revenue rose 8.31% from the year ago period to $304.03 million as against analysts' expectation of $293.55 million for the quarter.

The company expects to post earnings of 30 cents for the next quarter and $1.20-$1.28 a share for fiscal 2007. Analysts expect earnings of 29 cents a share for the next quarter and $1.22 a share for fiscal 2007.

"We're pleased that we exceeded our revenue forecast and met our EPS guidance for the September quarter. Our record new business wins and our large volume of bid proposals still outstanding reflect strong returns on our investments in business development. We're also looking forward to working with the RABA Technologies team to enhance our presence in the intelligence community," the company said.

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