Charles River Associates sees FY24 revenue $670M -$685M, consensus $667.61M

Through the first two quarters of fiscal 2024, on a constant currency basis relative to fiscal 2023, CRA generated total revenue of $342.2 million, the highest first-half revenue in CRA’s history, and non-GAAP EBITDA of $44.5 million, achieving a margin of 13.0%,” continued Maleh. “Reflecting the strong start to the year, we are increasing our revenue and profit guidance. For full-year fiscal 2024, on a constant currency basis relative to fiscal 2023, we expect revenue in the range of $670M to $685M and non-GAAP EBITDA margin in the range of 12.2% to 13.0%. This new guidance compares with a prior revenue range of $645.0 million to $675.0 million and a prior non-GAAP EBITDA margin range of 10.8% to 11.5%. While we are pleased with CRA’s performance through the first half of the year, we remain mindful that uncertainties around global economic, business, health, and geopolitical conditions can affect our business.”