CSRA Inc. (NYSE:CSRA), a leading provider of nextgeneration IT solutions and professional services to government organizations, today announced financial results for the first quarter of fiscal year 2017, which ended July 1, 2016.
"We began fiscal year 2017 with strong profitability and positive business development performance ... We generated significant cash that enabled us to lower our debt and strengthen our balance sheet. We are making significant progress on our mission to drive growth, both through accelerated proposal submissions and expanded collaboration with next generation technology providers. As our market turns positive, CSRA is well positioned to benefit from our strategic investments in growth." Larry Prior, CSRA president and CEO