SAIC Announces Second Quarter of Fiscal Year 2024 Results

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[{"type":"text","content":"\n\nRevenues of $1.78 billion; 8.3% organic growth adjusted for impact of divestitures\n\n\n\n\nNet income of $247 million; Adjusted EBITDA(1) of $174 million or 9.8% as a % of revenues, an increase of 70 bps year-over-year\n\n\n\n\nDiluted earnings per share of $4.56; Adjusted diluted earnings per share(1) of $2.05\n\n\n\n\nCash flows provided by operating activities of $150 million; Transaction-adjusted free cash flow(1) of $143 million\n\n\n\n\nCompany increases revenue, adjusted EBITDA margin(1), and adjusted diluted EPS(1) guidance for fiscal year 2024\n\n\n\n RESTON, Va.--(BUSINESS WIRE)--\nScience Applications International Corporation (NYSE: SAIC), a premier Fortune 500® technology integrator driving our nation's digital transformation across the defense, space, civilian, and intelligence markets, today announced results for the second quarter ended August 4, 2023.\n\n\n“I am proud of the financial performance we delivered in the quarter with both strong organic revenue growth and margin expansion. We remain on track to achieve our three year financial targets and are off to a strong start,” said SAIC CEO Nazzic Keene. \"Our focus remains on building and sustaining our high-performance culture to deliver value for our employees, customers, and shareholders.\"\n\n\nSecond Quarter of Fiscal Year 2024: Summary Operating Results\n\n\n\n\n \n\n\n\n\n\n\nThree Months Ended\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAugust 4,\n2023\n\n\n\n\n\n\n \n\n\n\n\n\n\nPercent\n\n\n\n\nchange\n\n\n\n\n\n\n \n\n\n\n\n\n\nJuly 29,\n2022\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n(in millions, except per share amounts)\n\n\n\n\n\n\n\n\nRevenues\n\n\n\n\n\n\n$\n\n\n\n\n\n\n1,784\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n(3\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\n1,831\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nOperating income\n\n\n\n\n\n\n \n\n\n\n\n\n\n362\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n190\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\n125\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nOperating income as a percentage of revenues\n\n\n\n\n\n\n \n\n\n\n\n\n\n20.3\n\n\n\n\n\n\n%\n\n\n\n\n\n\n \n\n\n\n\n\n\n1,350 bps\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n6.8\n\n\n\n\n\n\n%\n\n\n\n\n\n\n\n\nAdjusted operating income(1)\n\n\n\n\n\n\n \n\n\n\n\n\n\n134\n\n\n\n\n\n\n \n\n\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\n\n\n\n\n\n \n\n...

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