CSRA CEO optimistic about 'predictable' government spending

The chief executive of CSRA struck a positive note today, praising improved certainty around the federal budget as well as cost savings found within the company.

The contractor reported quarterly earnings for the first time since it was formed late last year by merging Computer Sciences Corp.'s U.S. public sector work with SRA International.

Larry Prior, CSRA's chief executive, said the company's customers "are operating with appropriated budgets that show growth."

"Despite the backdrop of a presidential election coming up, government spending should be fairly predictable," he said.

Additionally, Prior said the newly created business has already realized its anticipated annual savings of $80 million through synergies.

"As we are trimming our infrastructure . . . we are continuing to prioritize our investments in business development," he added.

The company reported quarterly sales of $1.03 billion, up 3.3 percent from the same period last year, because of the addition of one month of SRA sales.