Charles River Associates (CRA) Reports Financial Results for the First Quarter Of 2021

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Go back to Charles River Associates (CRA) Reports Financial Results for the First Quarter Of 2021

Charles River Associates (CRAI) Tops Q1 EPS by 54c, Revenues Beat

May 6, 2021 8:14 AM EDT

Charles River Associates (NASDAQ: CRAI) reported Q1 EPS of $1.37, $0.54 better than the analyst estimate of $0.83. Revenue for the quarter came in at $146.5 million versus the consensus estimate of $128.67 million.

Key First-Quarter Fiscal 2021 Highlights

Revenue grew 16.1% year over year to $146.5 million.Utilization was 76%, and quarter-end headcount increased 4.8% year over year.Net income increased 62.4% year over year to $10.5 million, or 7.2% of revenue, compared with $6.5 million, or 5.1% of revenue, in the first quarter of fiscal 2020; non-GAAP net income increased 58.9% year over year to $10.8 million, or 7.4% of revenue, compared with $6.8 million, or 5.4% of revenue,... More