SAIC Announces Second Quarter of Fiscal Year 2021 Results

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[{"type":"text","content":"\nRevenues: $1.8 billion; 11% total revenue growth, 1% contraction excluding acquired revenues\n\n\nDiluted earnings per share: $0.87; Adjusted diluted earnings per share(1): $1.63\n\n\nAdjusted EBITDA(1) as a % of revenues: 9.5%\n\n\nCash flows provided by operating activities: $104 million, $271 million year to date (excluding sale of receivables)\n\n\nNet bookings of $4.6 billion equating to a book to bill of 2.6, book to bill of 1.8 year to date\n\n RESTON, Va.--(BUSINESS WIRE)--\nScience Applications International Corporation (NYSE: SAIC), a premier Fortune 500® technology integrator driving our nation's digital transformation across the defense, space, civilian, and intelligence markets, today announced results for the second quarter ended July 31, 2020.\n\n\n“SAIC continues to deliver a resilient and stable revenue base, improved profitability, strong cash generation, and the highest book-to-bill and backlog in our seven-year history,\" said SAIC CEO Nazzic Keene. \"Despite pandemic-related challenges, which we are effectively navigating, we have kept our focus on the execution of our long-term strategy, advanced our positions in key markets, and delivered strong program performance. We continue to gain strategic momentum while delivering results and value for our customers, employees, and shareholders.\"\n\n\nSecond Quarter of Fiscal Year 2021: Summary Operating Results\n\n\n\n\n \n\n\n\nThree Months Ended\n\n\n\n \n\n\n\nSix Months Ended\n\n\n\n\n\n \n\n\n\nJuly 31, 2020\n\n\n\n \n\n\n\nPercent\nchange\n\n\n\n \n\n\n\nAugust 2, 2019\n\n\n\n \n\n\n\nJuly 31, 2020\n\n\n\n \n\n\n\nPercent\nchange\n\n\n\n \n\n\n\nAugust 2, 2019\n\n\n\n\n\n \n\n\n\n(in millions, except per share amounts)\n\n\n\n\n\nRevenues\n\n\n\n$\n\n\n\n1,764 \n\n\n\n \n\n\n\n \n\n\n\n11 \n\n\n\n%\n\n\n\n \n\n\n\n$\n\n\n\n1,594\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n3,521 \n\n\n\n \n\n\n\n \n\n\n\n10 \n\n\n\n%\n\n\n\n \n\n\n\n$\n\n\n\n3,209\n\n\n\n \n\n\n\n\n\nOperating income\n\n\n\n100 \n\n\n\n \n\n\n\n \n\n\n\n5 \n\n\n\n%\n\n\n\n \n\n\n\n95\n\n\n\n \n\n\n\n \n\n\n\n178 \n\n\n\n \n\n\n\n \n\n\n\n(5)\n\n\n\n%\n\n\n\n \n\n\n\n188\n\n\n\n \n\n\n\n\n\nOperating income as a percentage of revenues\n\n\n\n5.7 \n\n\n\n%\n\n\n\n \n\n\n\n-30 \n\n\n\nbps\n\n\n\n \n\n\n\n6.0 \n\n\n\n%\n\n\n\n \n\n\n\n5.1 \n\n\n\n%\n\n\n\n \n\n\n\n-80 \n\n\n\nbps\n\n\n\n \n\n\n\n5.9 \n\n...

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