SAIC Announces First Quarter of Fiscal Year 2021 Results

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[{"type":"text","content":"\nRevenues: $1.8 billion; 9% total revenue growth, 3% excluding acquired revenues\n\n\nDiluted earnings per share: $0.62; Adjusted diluted earnings per share(1): $1.38\n\n\nAdjusted EBITDA(1) as a % of revenues: 7.8%, including 30 bps negative impact from COVID-19\n\n\nCash flows provided by operating activities: $367 million; $167 million excluding sale of receivables\n\n\nNet bookings of $1.6 billion equating to a book to bill of 0.9, excluding $4.6 billion of single-award IDIQ's\n\n RESTON, Va.--(BUSINESS WIRE)--\nScience Applications International Corporation (NYSE: SAIC), a leading technology integrator providing high-end solutions in engineering, IT, and mission solutions across the defense, space, civilian, and intelligence markets, today announced results for the first quarter ended May 1, 2020.\n\n\n“SAIC continues to operate as an essential business in a resilient market through the COVID-19 pandemic. Our focused response prioritizes our employees' safety and well-being, ensuring on-going, high-quality customer performance, and protecting shareholder interests,\" said SAIC CEO, Nazzic Keene. \"Our strong first quarter results demonstrate the resiliency of our market and business model, providing organic revenue growth, consistent profitability, and strong cash generation.\"\n\n\nFirst Quarter of Fiscal Year 2021: Summary Operating Results\n\n\n\n\n \n\n\n\nThree Months Ended\n\n\n\n\n\n \n\n\n\nMay 1,\n2020\n\n\n\n \n\n\n\nPercent\nchange\n\n\n\n \n\n\n\nMay 3,\n2019\n\n\n\n\n\n \n\n\n\n(in millions, except per share amounts)\n\n\n\n\n\nRevenues\n\n\n\n$\n\n\n\n \n\n\n\n1,757\n\n\n\n \n\n\n\n \n\n\n\n9\n\n\n\n%\n\n\n\n \n\n\n\n$\n\n\n\n \n\n\n\n1,615\n\n\n\n \n\n\n\n\n\nOperating income\n\n\n\n \n\n\n\n78\n\n\n\n \n\n\n\n \n\n\n\n(16\n\n\n\n)%\n\n\n\n \n\n\n\n \n\n\n\n93\n\n\n\n \n\n\n\n\n\nOperating income as a percentage of revenues\n\n\n\n \n\n\n\n4.4\n\n\n\n%\n\n\n\n \n\n\n\n-140\n\n\n\nbps\n\n\n\n \n\n\n\n \n\n\n\n5.8\n\n\n\n%\n\n\n\n\n\nAdjusted operating income(1)\n\n\n\n \n\n\n\n106\n\n\n\n \n\n\n\n \n\n\n\n5\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n101\n\n\n\n \n\n\n\n\n\nAdjusted operating income as a percentage of revenues\n\n\n\n \n\n\n\n6.0\n\n\n\n%\n\n\n\n \n\n\n\n-30\n\n\n\nbps\n\n\n\n \n\n\n\n \n\n\n\n6.3\n\n\n\n%\n\n\n\n\n\nNet income attributable to common stockholders\n\n\n\n \n\n\n\n36\n\n\n\n \n\n\n\n \n\...

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