Leidos Holdings, Inc. reported a revenue increase of 6.8% for the first quarter of fiscal 2025, reaching $4.245 billion compared to $3.975 billion in the same period last year. The company's operating income also saw a significant rise, climbing 27.7% to $530 million from $415 million. Net income attributable to Leidos common stockholders increased by 27.8%, amounting to $363 million, with earnings per share rising to $2.79 from $2.09 in the prior year. The operating margin improved to 12.5%, up from 10.4% in the previous year, reflecting enhanced operational efficiency.
In terms of operational metrics, Leidos reported a total backlog of $46.296 billion as of April 4, 2025, which includes $7.329 billion in funded contracts. This represents an increase from the previous year's total backlog of $41.683 billion. The company recorded net bookings of approximately $2.1 billion during the quarter, a decrease from $3.8 billion in the same quarter last year. The decline in bookings was attributed to a shift in contract awards and the completion of certain projects.
Strategically, Leidos announced its intention to acquire a full-spectrum cyber company for a preliminary purchase price of $300 million, expected to close in the second quarter of 2025. This acquisition aims to enhance Leidos' capabilities in cyber operations, a critical area for its government and commercial clients. The company continues to focus on expanding its service offerings and improving its technological capabilities to meet the evolving needs of its customers.
Geographically, approximately 87% of Leidos' revenues were generated from U.S. government contracts, with the remaining 8% coming from international markets. The company reported a workforce of 47,000 employees globally. The financial results reflect a strong alignment with U.S. government spending priorities, particularly in national security and intelligence sectors. The company remains optimistic about future growth, citing ongoing demand for its services and a favorable market environment, despite potential challenges from government budget constraints and international trade policies.
About Leidos Holdings, Inc.
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