SAIC Announces Third Quarter of Fiscal Year 2020 Results

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[{"type":"text","content":"\nRevenues: $1.6 billion; 38% revenue growth\n\n\nDiluted earnings per share: $0.94; Adjusted diluted earnings per share(1): $1.39\n\n\nAdjusted EBITDA(1) as a % of revenues: 8.3%\n\n\nCash flows provided by operating activities: $116 million\n\n\nNet bookings of $2.2 billion equating to a book to bill of 1.4\n\n RESTON, Va.--(BUSINESS WIRE)--\nScience Applications International Corporation (NYSE: SAIC), a leading technology integrator providing high-end solutions in engineering, IT, and mission solutions across the defense, space, civilian, and intelligence markets, today announced results for the third quarter ended November 1, 2019.\n\n\n“SAIC's third quarter results reflect another quarter of consistent, strong results from an expanded contract portfolio, broadened capabilities and talented employees,\" said SAIC CEO Nazzic Keene. \"Our fully integrated and focused growth strategy is driving our investment decisions and business pursuits as we look to accelerate profitable growth while continuing to deliver value for our customers and shareholders.\"\n\n\n\n\nThird Quarter of Fiscal Year 2020: Summary Operating Results\n\n\n\n\n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\nThree Months Ended\n\n\n\n \n\n\n\nNine Months Ended\n\n\n\n\n\n \n\n\n\n \n\n\n\nNovember 1,\n2019\n\n\n\n \n\n\n\nPercent\nchange\n\n\n\n \n\n\n\nNovember 2,\n2018\n\n\n\n \n\n\n\nNovember 1,\n2019\n\n\n\n \n\n\n\nPercent\nchange\n\n\n\n \n\n\n\nNovember 2,\n2018\n\n\n\n\n\n \n\n\n\n \n\n\n\n(in millions, except per share amounts)\n\n\n\n\n\nRevenues\n\n\n\n \n\n\n\n$\n\n\n\n1,630\n\n\n\n \n\n\n\n \n\n\n\n38\n\n\n\n%\n\n\n\n \n\n\n\n$\n\n\n\n1,177\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n4,839\n\n\n\n \n\n\n\n \n\n\n\n40\n\n\n\n%\n\n\n\n \n\n\n\n$\n\n\n\n3,467\n\n\n\n \n\n\n\n\n\nOperating income\n\n\n\n \n\n\n\n94\n\n\n\n \n\n\n\n \n\n\n\n29\n\n\n\n%\n\n\n\n \n\n\n\n73\n\n\n\n \n\n\n\n \n\n\n\n282\n\n\n\n \n\n\n\n \n\n\n\n32\n\n\n\n%\n\n\n\n \n\n\n\n213\n\n\n\n \n\n\n\n\n\nOperating income as a percentage of revenues\n\n\n\n \n\n\n\n5.8\n\n\n\n%\n\n\n\n \n\n\n\n-40\n\n\n\nbps\n\n\n\n \n\n\n\n6.2\n\n\n\n%\n\n\n\n \n\n\n\n5.8\n\n\n\n%\n\n\n\n \n\n\n\n-30\n\n\n\nbps\n\n\n\n \n\n\n\n6.1\n\n\n\n%\n\n\n\n\n\nAdjusted operating income(1)\n\n\n\n \n\n\n\n104\n\n\n\n \n\n\n\n \n\n\n\n20\n\n\n\n%\n\n\n\n \n\n\n\n87\n\n\n\n \n\n\n\n \n\n\n\n306\n\n\n\n \n\n\n\n \n\n\n\n35\n\n\n\n%\...

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