Search

Earnings, Sales Fall At SAIC In Fourth Quarter On Shutdown, Enterprise IT Headwinds

Earnings, Sales Fall At SAIC In Fourth Quarter On Shutdown, Enterprise IT Headwinds
SAIC CEO James "Jim" Reagan. Photo: SAIC

Science Applications International Corp. [SAIC] on Monday posted lower earnings and sales in its fourth quarter stemming from the federal government shutdown last fall, a shift away from commoditized enterprise information technology (IT) work and procurement delays. The results were inline with an updated financial forecast SAIC provided in February (Defense Daily, Feb. 11). Sales in the quarter fell 5 percent to under $1.8 billion from over $1.8 billion a year ago. Net income dropped 13 percent to $85 million,…

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.



Congress Updates

Trump Wants Second Reconciliation Bill On His Desk By June 1

President Donald Trump on Wednesday called on Congress to pass and send a second reconciliation bill to his desk by June 1. The deadline follows congressional Republicans’ backing a pursuit […]


Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]


Graham Says GOP To Move Ahead On Second Reconciliation Bill, With Defense Funds As Priority

Senate Budget Committee Chair Lindsey Graham (R-S.C.) said Wednesday, with the White House’s backing, his panel will move “expeditiously” on crafting a second reconciliation bill, citing priorities for defense and […]


Hegseth Acknowledges Potential $200 Billion Iran Supplemental Request, Final Figure ‘Could Move’

Defense Secretary Pete Hegseth on Thursday acknowledged the Pentagon could potentially ask Congress for $200 billion in supplemental funding to support the ongoing operation against Iran and replenish munitions used […]