SAIC Announces First Quarter of Fiscal Year 2022 Results

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[{"type":"text","content":"\n\nRevenues increase to $1.9 billion; ~7% total revenue growth, 2.6% growth excluding acquired revenues\n\n\nDiluted earnings per share increase to $1.38; Adjusted diluted earnings per share(1) increase to $1.94\n\n\nNet bookings of $4.2 billion; Book-to-bill ratio of 2.2 for the first quarter\n\n\nCompany increases lower end of revenue and adjusted EBITDA margin(1) and raises adjusted diluted EPS(1) guidance for fiscal year 2022\n\n\nEntered into an agreement to acquire Halfaker and Associates, LLC, for $250 million\n\n\n RESTON, Va.--(BUSINESS WIRE)--\nScience Applications International Corporation (NYSE: SAIC), a premier Fortune 500® technology integrator driving our nation's digital transformation across the defense, space, civilian, and intelligence markets, today announced results for the first quarter ended April 30, 2021.\n\n“SAIC’s first quarter results are a strong start to fiscal year 2022. Our team produced great business development results and generated higher revenues and earnings,\" said SAIC CEO Nazzic Keene. \"The announcement today of our intent to acquire Halfaker and Associates expands our presence in public sector health and enhances our digital transformation capabilities. We are optimistic about the future due to a well-defined and focused strategy, strong financial performance, and what we all hope are the waning days of the pandemic. Bring on Tomorrow.\"\n\nFirst Quarter of Fiscal Year 2022: Summary Operating Results\n\n\n\n \n\n\n\n\nThree Months Ended\n\n\n\n\n\n \n\n\n\n\nApril 30, 2021\n\n\n\n \n\n\n\nPercent\n\n\nchange\n\n\n\n \n\n\n\nMay 1, 2020\n\n\n\n\n\n \n\n\n\n\n(in millions, except per share amounts)\n\n\n\n\n\nRevenues\n\n\n\n\n$\n\n\n\n1,878 \n\n\n\n \n\n\n\n \n\n\n\n7 \n\n\n\n%\n\n\n\n \n\n\n\n$\n\n\n\n1,757\n\n\n\n \n\n\n\n\n\nOperating income\n\n\n\n\n \n\n\n\n130 \n\n\n\n \n\n\n\n \n\n\n\n67 \n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n78\n\n\n\n \n\n\n\n\n\nOperating income as a percentage of revenues\n\n\n\n\n \n\n\n\n6.9 \n\n\n\n%\n\n\n\n \n\n\n\n250 \n\n\n\nbps\n\n\n\n \n\n\n\n \n\n\n\n4.4 \n\n\n\n%\n\n\n\n\n\nAdjusted operating income(1)\n\n\n\n\n \n\n\n\n140 \n\n\n\n \n\n\n\n \n\n\n\n32 \n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n106\n\n\n\n \n\n\n\n\n\nAdjusted operating income as a percentage of revenues\n\n\n\n\n \n\n\n\n7.5 \n\n\n\n%\n\n\n\n \n\n\n\n150 \n\n\n\nbps\n\n\n\n \n\n\n\n \n\n\n\n6....

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