SAIC Announces Fourth Quarter and Full Fiscal Year 2020 Results

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[{"type":"text","content":"\nQ4 Revenues of $1.5 billion; 29 percent growth\n\n\nQ4 Diluted earnings per share: $1.01; adjusted diluted earnings per share(1) of $1.58\n\n\nQ4 Adjusted EBITDA(1) as a % of revenues of 8.7%; 8.4% for fiscal year 2020\n\n\nQ4 Cash flows provided by operating activities of $69 million; $458 million for fiscal year 2020\n\n\nFiscal year 2020 free cash flow of $437 million, exceeding target of $425 million\n\n\nBook-to-bill ratio of 1.5 for fourth quarter, 1.2 for fiscal year\n\n RESTON, Va.--(BUSINESS WIRE)--\nScience Applications International Corporation (NYSE:SAIC), a leading technology integrator providing full life-cycle services and solutions in the technical, engineering, intelligence, and enterprise information technology markets, today announced results for the fourth quarter and full fiscal year ended January 31, 2020.\n\n\n“SAIC’s full fiscal year 2020 results reflect strong financial performance, operational execution, and the implementation of a strategy that positions the company for sustained, profitable growth and long-term value creation,” said CEO Nazzic Keene. “The addition of Unisys Federal to our business portfolio accelerates our growth strategy, enhances our technical talent base, and solidifies SAIC as a market leader in providing IT modernization solutions.”\n\n\nFourth Quarter and Full Fiscal Year 2020: Summary Operating Results\n\n\n\n\n \n\n\n\n \n\n\n\nThree Months Ended\n\n\n\n \n\n\n\nYear Ended\n\n\n\n\n\n \n\n\n\n \n\n\n\nJanuary 31,\n2020\n\n\n\n \n\n\n\nPercent\nchange\n\n\n\n \n\n\n\nFebruary 1,\n2019\n\n\n\n \n\n\n\nJanuary 31,\n2020\n\n\n\n \n\n\n\nPercent\nchange\n\n\n\n \n\n\n\nFebruary 1,\n2019\n\n\n\n\n\n \n\n\n\n \n\n\n\n(in millions, except per share amounts)\n\n\n\n\n\nRevenues\n\n\n\n \n\n\n\n$\n\n\n\n1,540\n\n\n\n \n\n\n\n \n\n\n\n29\n\n\n\n%\n\n\n\n \n\n\n\n$\n\n\n\n1,192\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n6,379\n\n\n\n \n\n\n\n \n\n\n\n37\n\n\n\n%\n\n\n\n \n\n\n\n$\n\n\n\n4,659\n\n\n\n \n\n\n\n\n\nOperating income\n\n\n\n \n\n\n\n88\n\n\n\n \n\n\n\n \n\n\n\n1,157\n\n\n\n%\n\n\n\n \n\n\n\n7\n\n\n\n \n\n\n\n \n\n\n\n370\n\n\n\n \n\n\n\n \n\n\n\n68\n\n\n\n%\n\n\n\n \n\n\n\n220\n\n\n\n \n\n\n\n\n\nOperating income as a percentage of revenues\n\n\n\n \n\n\n\n5.7\n\n\n\n%\n\n\n\n \n\n\n\n510\n\n\n\nbps\n\n\n\n \n\n\n\n0.6\n\n\n\n%\n\n\n\n \n\n\n\n5.8\n\n\n\n%\n\n\n\n \n\n\n\n110\n\n\n\n...

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