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Business/Financial

COVID Lingers But SAIC Delivers Strong Second Quarter

By Cal Biesecker

Friday, September 3rd, 2021

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COVID Lingers But SAIC Delivers Strong Second Quarter

SAIC CEO Nazzic Keene. Photo: SAIC

Science Applications International Corp. [SAIC] last Thursday posted strong second quarter financial results driven by solid organic sales growth, improved profitability across its contracts, and positive changes in contract estimates. Net income in the quarter increased 61 percent to $82 million, $1.41 earnings per share (EPS), from $51 million (87 cents EPS) a year ago, handily topping consensus estimates by 31 cents per share. Sales increased 4 percent to just over $1.8 billion from just under $1.8 billion a year…

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