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Business/Financial

SAIC Posts Strong Earnings In Third Quarter

By Cal Biesecker

Monday, December 6th, 2021

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SAIC Posts Strong Earnings In Third Quarter

SAIC CEO Nazzic Keene. Photo: SAIC

Science Applications International Corp. [SAIC] on Monday reported strong third quarter financial results, with sales and earnings both higher than a year ago. Net income increased 18 percent to $71 million, $1.22 earnings per share (EPS), from $60 million ($1.02 EPS) a year ago. Adjusting for acquisition, integration and restructuring costs, adjusted earnings were $1.85 EPS, handily beating consensus estimates of $1.49 per share. Earnings in the quarter benefited from improved program performance. Sales increased more than 4 percent to…

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