Washington Business Journal: Booz Allen to debut new AI platform following solid 2Q

“Amid its second quarter revenue gains, Booz Allen Hamilton Inc. (NYSE: BAH) is setting the stage for a new artificial intelligence platform the company plans to unveil next week.”

“Booz Allen CEO Horacio Rozanski said on the Friday earnings call that the company will debut the new platform in a limited release Monday at the NVIDIA GPU Tech Conference in Washington, D.C.”

“Rozanski offered little detail about the product, which he said was an early access prototype a year away from full release, but called it ‘an exciting step’ towards in-mission access to AI.”

“The news came as the McLean company reported $1.82 billion in revenue growth for the quarter, a 12.7% gain over the prior year, backed by strong performances from its federal and defense sector clients. That beat analysts’ expectations for the quarter and was enough for executives to sharpen their annual guidance.” Read the full article here.

Source: Booz Allen to debut new AI platform following solid 2Q – By Carten Cordell, November 1, 2019. Washington Business Journal.

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