Jacobs reports fiscal second quarter 2023 earnings

Operating profit up 74% year-over-year, adjusted operating profit up 7%1 people and places solutions operating profit up 21% year-over-year second quarter revenue up 6% year-over-year; 9% in constant currency1 narrows fiscal 2023 outlook range; reiterates 100% cash flow conversion target announced plans for spin-off of critical mission solutions business dallas , may 9, 2023 /prnewswire/ -- jacobs solutions inc. (nyse: j) today announced its financial results for the fiscal second quarter ended march 31, 2023. q2 2023 highlights: revenue of $4.1 billion up 6.4% y/y; net revenue1 increased 5.2% y/y and up 8% in constant currency1 backlog1 of $29.0 billion, up 4% y/y; gross margin in backlog up y/y eps of $1.70, up 149% y/y; adjusted eps from continuing operations1 of $1.81, up 5% y/y cash provided by operations of $132 million; continue to expect 100% fiscal year underlying cash conversion jacobs' ceo bob pragada commented, "we have delivered a robust second quarter focused on disciplined and rigorous execution.
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