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Business/Financial

Leidos’ Income Rises 17 Percent In Second Quarter

By Marc Selinger

Thursday, July 28th, 2016

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Leidos’ Income Rises 17 Percent In Second Quarter

Leidos Chairman and CEO Roger Krone. Photo: Leidos

Leidos Holdings [LDOS] announced July 28 that its operating income totaled $75 million in the second quarter of fiscal year 2016, up 17 percent from the same period last year.The operating income margin from the company’s National Security Solutions segment was 6.7 percent, down from 8.4 percent last year due mainly to “lower program fees and contract mix,” Leidos said. Meanwhile, the Health and Infrastructure Sector’s margin was 10.5 percent, up from a negative radio of 1.8 percent thanks to…

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