Sign In
Search
Business/Financial

SAIC Posts Higher Sales But Earnings Fall On Acquisition, COVID Costs

Cal Biesecker By
SHARE:
SAIC Posts Higher Sales But Earnings Fall On Acquisition, COVID Costs
SAIC CEO Nazzic Keene. Photo: SAIC

Science Applications International Corp. [SAIC] last Thursday after the markets closed reported higher first quarter sales driven mainly by its recent acquisition of the federal division of Unisys [UIS] but net income fell due to costs related to acquisitions, impacts from COVID-19 pandemic and higher interest expense. Net income slid 35 percent to $36 million, 62 cents earnings per share (EPS), from $55 million (92 cents EPS, a year ago. Operating margins declined 140 basis points to 4.4 percent. Adjusting…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Business/Financial

Australian Navigation Company To Begin Manufacturing In U.S.

Business/Financial

Avio Breaks Ground On New Solid Rocket Motor Facility Expected To Begin Production In 2029

Business/Financial

DoD Takes Equity Stake In Steel Firm As Part Of Funding Raise

Business/Financial

SAIC Acquires Cybersecurity Firm Information Security Corporation

Trending

Anduril Nabs Potential $1.8 Billion Army Deal To Support ‘Corps-Scale Fielding’ For NGC2
U.S. State Department Green Lights More Than $2.2 Billion in Weapons to UAE, Egypt, and Kuwait
Hegseth Moves To Speed C-UAS Use In The Homeland, Expands JIATF’s Roles
Defense Watch: Possible MUSV Lease, CBO and Golden Dome, X-BAT Sites
Army Picks Initial 30 Finalists For Low-Cost Interceptor Demonstrations

Congress Updates

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]

Congress

Rep. Himes Signals Increased Contractor Oversight, if Democrats Win House

Rep. Jim Himes (D-Conn.), the ranking member of the House Permanent Select Committee on Intelligence, plans to increase the committee’s contractor oversight if the Democrats win control of the House […]

Congress

CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]

Missile Defense

Fischer Says Golden Dome Boosters Need To Increase Capitol Hill Support With Information, Warns Against Counting On Reconciliation

NATIONAL HARBOR, Md. – A Senate Armed Services panel chair today said boosters of the Golden Dome program still have work to do to increase support on Capitol Hill while […]

The Force Multipliers

Force Multipliers

Michael Harrison – SANS Institute

Force Multipliers

Michael DiOrio – Dataminr

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Job Feed

Post a Job // Post a Resume