SAIC Announces Second Quarter of Fiscal Year 2022 Results

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[{"type":"text","content":"\n\nRevenues increase to $1.8 billion; 4.1% total revenue growth, 3.8% growth excluding acquired revenues\n\n\nDiluted earnings per share increase to $1.41; Adjusted diluted earnings per share(1) increase to $1.97\n\n\nNet bookings of $1.6 billion; Book-to-bill ratio of 0.9 for the second quarter\n\n\nCompany raises revenue, adjusted EBITDA margin(1) and adjusted diluted EPS(1) guidance for fiscal year 2022\n\n\n RESTON, Va.--(BUSINESS WIRE)--\nScience Applications International Corporation (NYSE: SAIC), a premier Fortune 500® technology integrator driving our nation's digital transformation across the defense, space, civilian, and intelligence markets, today announced results for the second quarter ended July 30, 2021.\n\n“SAIC took meaningful steps forward in the second quarter across many strategic, financial and operational areas. Our quarterly results reflect increased organic growth and a second straight quarter of record profitability,” said SAIC CEO Nazzic Keene. “We are proud of our accomplishments – while remaining ever vigilant in driving performance into the future. We added strategic components to the portfolio through the acquisitions of Halfaker and Associates and Koverse, increasing market access in health IT and artificial intelligence.”\n\nSecond Quarter of Fiscal Year 2022: Summary Operating Results\n\n\n\n \n\n\n\n\nThree Months Ended\n\n\n\n \n\n\n\nSix Months Ended\n\n\n\n\n\n \n\n\n\n\nJuly 30, 2021\n\n\n\n \n\n\n\nPercent\n\n\nchange\n\n\n\n \n\n\n\nJuly 31, 2020\n\n\n\n \n\n\n\nJuly 30, 2021\n\n\n\n \n\n\n\nPercent\n\n\nchange\n\n\n\n \n\n\n\nJuly 31, 2020\n\n\n\n\n\n \n\n\n\n\n(in millions, except per share amounts)\n\n\n\n\n\nRevenues\n\n\n\n\n$\n\n\n\n1,836\n\n\n\n \n\n\n\n \n\n\n\n4\n\n\n\n%\n\n\n\n \n\n\n\n$\n\n\n\n1,764\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n3,714\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\n3,521\n\n\n\n \n\n\n\n\n\nOperating income\n\n\n\n\n \n\n\n\n133\n\n\n\n \n\n\n\n \n\n\n\n33\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n100\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n263\n\n\n\n \n\n\n\n \n\n\n\n48\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n178\n\n\n\n \n\n\n\n\n\nOperating income as a percentage of revenues\n\n\n\n\n \n\n\n\n7.2\n\n\n\n%\n\n\n\n \n\n\n\n150 bps\n\n\n\n \n\n\n\n \n\n\n\n5.7\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n7.1\n\n\n\n%\n\n\n\n \n\n\n\n200 bps\n\n\n\n \n\n\n\n \n\n\n\n5.1\n\n\...

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