Booz Allen says it's pursuing 'new AI business lines'

Booz Allen Hamilton is seeing increased demand for artificial intelligence services, the company's chief executive said today.

Horacio Rozanski told analysts the company has a "robust AI services business" and is working with the Joint Artificial Intelligence Center as well as other parts of the Pentagon.

"We expect continued strong growth and demand as more and more federal agencies work to integrate AI into their missions," he said.

Rozanski said Booz Allen is also "developing new AI business lines and exploring ways to monetize our intellectual property."

Meanwhile, the contractor said today sales in its most recent quarter reached $1.8 billion, up almost 13% from the same three-month period a year earlier.

Booz Allen recorded quarterly profit of $114 million, up 23% from the prior year.

Earlier this week, ManTech International said sales in its most recent quarter reached $579 million, up 16% from the same three-month period a year earlier.

The contractor's quarterly profit hit $28 million, up 27% from the prior year.

ManTech said it saw increased demand for its services and technology.