Booz Allen says it is accelerating recruitment

By Marjorie Censer / January 29, 2021 at 2:32 PM

Booz Allen Hamilton executives said today the company saw a reduction in headcount during its most recent quarter because of lower recruiting rates and the divestiture of a small defense contract.

Horacio Rozanski, Booz Allen's chief executive, said earlier in the pandemic employees hadn't been taking as much paid time off, so the reduced hiring was not an issue. But employees have returned to taking time off, and Booz Allen now needs "to accelerate recruitment," he said.

"We have already ramped up and expect to see improvement in three to six months," he told analysts during a call this morning.

The company reported almost 27,600 employees this quarter.

Meanwhile, Booz Allen said sales during its most recent quarter reached $1.9 billion, up 3% from the same three-month period a year earlier.

The contractor recorded quarterly profit of $144 million, up 29% from the prior year.

Also this week, CACI reported sales during its most recent quarter of $1.5 billion, up 5% from the same three-month period a year earlier. The contractor said quarterly profit reached $107 million, up almost 35% from the prior year.

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