SAIC Announces Second Quarter of Fiscal Year 2023 Results

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[{"type":"text","content":"\n\nNet bookings of $2.1 billion resulting in a book-to-bill of 1.1x in the quarter and 1.0x TTM\n\n\n\nRevenues of $1.83 billion, approximately flat with prior year\n\n\n\nDiluted earnings per share: $1.30; Adjusted diluted earnings per share(1): $1.75\n\n\n\nCompany increases revenue and adjusted diluted EPS(1) guidance for fiscal year 2023\n\n\n RESTON, Va.--(BUSINESS WIRE)--\nScience Applications International Corporation (NYSE: SAIC), a premier Fortune 500® technology integrator driving our nation's digital transformation across the defense, space, civilian, and intelligence markets, today announced results for the second quarter ended July 29, 2022.\n\n“I am proud of the results we delivered in the quarter and fiscal year to date which contribute to our improved outlook for the year,” said SAIC CEO Nazzic Keene. “The investments we have made to build differentiated solutions in the areas of Secure Cloud and Systems Integration position us well to gain share in a growing market. Our focus remains on converting a strong pipeline of opportunities into sustained, profitable growth and increased value for our shareholders.”\n\nSecond Quarter of Fiscal Year 2023: Summary Operating Results\n\n\n\n \n\n\n\n\nThree Months Ended\n\n\n\n \n\n\n\nSix Months Ended\n\n\n\n\n\n \n\n\n\n\nJuly 29,\n\n\n2022\n\n\n\n \n\n\n\nPercent\n\n\nchange\n\n\n\n \n\n\n\nJuly 30,\n\n\n2021\n\n\n\n \n\n\n\nJuly 29,\n\n\n2022\n\n\n\n \n\n\n\nPercent\n\n\nchange\n\n\n\n \n\n\n\nJuly 30,\n\n\n2021\n\n\n\n\n\n \n\n\n\n\n(in millions, except per share amounts)\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nRevenues\n\n\n\n\n$\n\n\n\n1,831\n\n\n\n \n\n\n\n \n\n\n\n—\n\n\n\n%\n\n\n\n \n\n\n\n$\n\n\n\n1,836\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n3,827\n\n\n\n \n\n\n\n \n\n\n\n3\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\nOperating income\n\n\n\n\n \n\n\n\n125\n\n\n\n \n\n\n\n \n\n\n\n(6\n\n\n\n)%\n\n\n\n \n\n\n\n \n\n\n\n133\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n250\n\n\n\n \n\n\n\n \n\n\n\n(5\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\nOperating income as a percentage of revenues\n\n\n\n\n \n\n\n\n6.8\n\n\n\n%\n\n\n\n \n\n\n\n-40 bps\n\n\n\n \n\n\n\n \n\n\n\n7.2\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n6.5\n\n\n\n%\n\n\n\n \n\n\n\n-60 bps\n\n\n\n \n\n\n\n \n\n\n\n7.1\n\n\n\n%\n\n\n\n\n\nAdjusted operating income(1)\n\n\n\n\n \...

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