SAIC Announces Third Quarter of Fiscal Year 2023 Results

About this update from Science Applications International Corporation

[{"type":"text","content":"\n\nNet bookings of $2.0 billion resulting in a book-to-bill of 1.1x in the quarter\n\n\nRevenues of $1.91 billion; 1% revenue growth\n\n\nDiluted earnings per share: $1.45; Adjusted diluted earnings per share(1): $1.90\n\n\nCompany increases revenue and adjusted diluted EPS(1) guidance for fiscal year 2023\n\n\n RESTON, Va.--(BUSINESS WIRE)--\nScience Applications International Corporation (NYSE: SAIC), a premier Fortune 500® technology integrator driving our nation's digital transformation across the defense, space, civilian, and intelligence markets, today announced results for the third quarter ended October 28, 2022.\n\n“Our results reflect continued strong performance from the team with notable momentum in new business capture and on-contract growth,” said SAIC CEO Nazzic Keene. “We are confident that the investments we are making - both internally and via our capital deployment program - are aligned with maximizing long-term shareholder value. This is our focus and will allow us to provide opportunities to grow for our incredibly talented employees while delivering excellence to our customers.”\n\nThird Quarter of Fiscal Year 2023: Summary Operating Results\n\n\n\n \n\n\n\nThree Months Ended\n\n\n\n \n\n\n\nNine Months Ended\n\n\n\n\n\n \n\n\n\nOctober 28, 2022\n\n\n\n \n\n\n\nPercent\n\n\nchange\n\n\n\n \n\n\n\nOctober 29, 2021\n\n\n\n \n\n\n\nOctober 28, 2022\n\n\n\n \n\n\n\nPercent\n\n\nchange\n\n\n\n \n\n\n\nOctober 29, 2021\n\n\n\n\n\n \n\n\n\n(in millions, except per share amounts)\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nRevenues\n\n\n\n$\n\n\n\n1,909\n\n\n\n \n\n\n\n \n\n\n\n1\n\n\n\n%\n\n\n\n \n\n\n\n$\n\n\n\n1,898\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n5,736\n\n\n\n \n\n\n\n \n\n\n\n2\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\nOperating income\n\n\n\n \n\n\n\n133\n\n\n\n \n\n\n\n \n\n\n\n17\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n114\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n383\n\n\n\n \n\n\n\n \n\n\n\n2\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n377\n\n\n\n \n\n\n\n\n\nOperating income as a percentage of revenues\n\n\n\n \n\n\n\n7.0\n\n\n\n%\n\n\n\n \n\n\n\n100 bps\n\n\n\n \n\n\n\n \n\n\n\n6.0\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n6.7\n\n\n\n%\n\n\n\n \n\n\n\n— bps\n\n\n\n \n\n\n\n \n\n\n\n6.7\n\n\n\n%\n\n\n\n\n\nAdjusted operating income(1)\n\n\n\n \n\n\n\n136\n\n\n\n \n\n\n\n \n\n\n\n8\n\n\n\n%\n\n\...

More updates from Science Applications International Corporation