FALLS CHURCH, Va., Nov 7, 2017 - CSRA Inc. (NYSE:CSRA), a leading provider of next-generation IT solutions and professional services to government organizations, today announced financial results for the second quarter of fiscal year 2018, which ended September 29, 2017.
"The second quarter of fiscal year 2018 represents a major milestone in our history as a public company–our first quarter of year-over-year revenue growth and our strongest sequential revenue growth since going public," said Larry Prior, CSRA president and CEO. "The foundation for growth is our sustained strong business development performance, and in the quarter we booked $4.2 billion in awards for a book-to-bill ratio of 3.3x, anchored by our success in securing the recompete of our largest program. We continue to drive towards the adoption of next generation technologies through our Emerging Tech Day. In addition, we are deploying our strong cash flow to accelerate our growth with strategic acquisitions that position us to take share in priority national security markets."
- Revenue of $1.27 billion up 3 percent compared to the first quarter of fiscal year 2018 (sequentially) and up 1 percent compared to the second quarter of fiscal year 2017 (year-over-year)
- Operating income of $134 million up 3 percent and Adjusted EBITDA of $198 million down 2 percent year-over-year
- Diluted EPS of $0.46 (GAAP) and $0.46 (Adjusted) reflect strong profitability
- Robust book-to-bill ratios of 3.3x for the quarter and 1.8x for the trailing twelve months build the foundation for future growth
Members of CSRA’s executive team will discuss second quarter fiscal year 2018 earnings during a call/webinar at 5:00 p.m. ET on Tuesday, November 7, 2017.
About General Dynamics Information Technology
For more information about General Dynamics Information Technology, a business unit of General Dynamics (NYSE: GD), please visit www.gdit.com.
About General Dynamics
Headquartered in Falls Church, Virginia, General Dynamics (NYSE:GD) is a global aerospace and defense company that offers a broad portfolio of products and services business aviation; combat vehicles, weapon systems and munitions; C4ISR and IT solutions; and shipbuilding. The company’s 2017 revenue was $31 billion. More information is available at www.generaldynamics.com.
Tom Doheny, Communications, firstname.lastname@example.org, 571-353-4454
This website includes press releases originally posted on CSRA.com prior to its acquisition by General Dynamics. This content was migrated to GDIT.com on July 9, 2018.