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Business/Financial

SAIC Ends Fiscal Year With Solid Fourth Quarter

By Cal Biesecker

Tuesday, March 31st, 2015

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SAIC Ends Fiscal Year With Solid Fourth Quarter

SAIC CEO Tony Moraco

Science Applications International Corp. [SAIC] on Tuesday posted solid fourth quarter results with net income and sales both higher than a year ago even though the federal government is still taking longer to make awards.Net income increased 9 percent to $36 million, 75 cents earnings per share (EPS), from $33 million (66 cents EPS), topping consensus estimates by four cents per share. The increase was due to higher operating margins and lower tax expense due to the retroactive reinstatement of…

Congress

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