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One-Time Gains Boost SAIC’s Second Quarter Earnings As Sales Edge Up

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By Calvin Biesecker SAIC [SAI] this week posted higher net income in its second quarter driven by revenues from a royalty payment related to patent litigation and a favorable litigation settlement related to a former business unit as sales were up slightly due to the royalty payment and previous acquisitions. Net income increased 54 percent to $189 million, 50 cents earnings per share (EPS), from $123 million (31 cents EPS) a year ago. Earnings benefited from a $31 million (8…

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