SAIC Announces Third Quarter of Fiscal Year 2022 Results

About this update from Science Applications International Corporation

[{"type":"text","content":"\n\nRevenues increase to $1.9 billion; 4.4% total revenue growth, 2.1% growth excluding acquired revenues\n\n\nDiluted earnings per share increase to $1.22; Adjusted diluted earnings per share(1) increase to $1.85\n\n\nCompany raises revenue, adjusted EBITDA margin(1), adjusted diluted EPS(1), and free cash flow(1) guidance for fiscal year 2022\n\n\n RESTON, Va.--(BUSINESS WIRE)--\nScience Applications International Corporation (NYSE: SAIC), a premier Fortune 500® technology integrator driving our nation's digital transformation across the defense, space, civilian, and intelligence markets, today announced results for the third quarter ended October 29, 2021.\n\n“Our focus remains on positioning our portfolio and empowering our talented workforce to meet the needs of our customer, today and in the future.” said SAIC CEO Nazzic Keene. “Our strong results and sustained growth reflect the continued progress we are making in aligning SAIC with areas of increasing customer demand. We continue to see attractive opportunities to profitably grow our business.”\n\nThird Quarter of Fiscal Year 2022: Summary Operating Results\n\n\n\n \n\n\n\nThree Months Ended\n\n\n\n \n\n\n\nNine Months Ended\n\n\n\n\n\n \n\n\n\nOctober 29,\n2021\n\n\n\n \n\n\n\nPercent\n\n\nchange\n\n\n\n \n\n\n\nOctober 30,\n2020\n\n\n\n \n\n\n\nOctober 29,\n2021\n\n\n\n \n\n\n\nPercent\n\n\nchange\n\n\n\n \n\n\n\nOctober 30,\n2020\n\n\n\n\n\n \n\n\n\n(in millions, except per share amounts)\n\n\n\n\n\nRevenues\n\n\n\n$\n\n\n\n1,898 \n\n\n\n \n\n\n\n \n\n\n\n4 \n\n\n\n%\n\n\n\n \n\n\n\n$\n\n\n\n1,818\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n5,612 \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\n5,339\n\n\n\n \n\n\n\n\n\nOperating income\n\n\n\n114 \n\n\n\n \n\n\n\n \n\n\n\n4 \n\n\n\n%\n\n\n\n \n\n\n\n110\n\n\n\n \n\n\n\n \n\n\n\n377 \n\n\n\n \n\n\n\n \n\n\n\n31 \n\n\n\n%\n\n\n\n \n\n\n\n288\n\n\n\n \n\n\n\n\n\nOperating income as a percentage of revenues\n\n\n\n6.0 \n\n\n\n%\n\n\n\n \n\n\n\n-10 \n\n\n\nbps\n\n\n\n \n\n\n\n6.1 \n\n\n\n%\n\n\n\n \n\n\n\n6.7 \n\n\n\n%\n\n\n\n \n\n\n\n130 \n\n\n\nbps\n\n\n\n \n\n\n\n5.4 \n\n\n\n%\n\n\n\n\n\nAdjusted operating income(1)\n\n\n\n126 \n\n\n\n \n\n\n\n \n\n\n\n10 \n\n\n\n%\n\n\n\n \n\n\n\n115\n\n\n\n \n\n\n\n \n\n\n\n413 \n\n\n\n \n\n\n\n \n\n\n\n23 \n\n\n\n%\n\n\n\n \n\n\n\n336\n\n\n\n \n\n\n\n\n\nAdjusted operating incom...

More updates from Science Applications International Corporation