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Business/Financial

SAIC Posts Solid Results In Fourth Quarter Helped By Acquisition Of Unisys Federal

By Cal Biesecker

Friday, March 26th, 2021

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SAIC Posts Solid Results In Fourth Quarter Helped By Acquisition Of Unisys Federal

SAIC CEO Nazzic Keene. Photo: SAIC

Science Applications International Corp. [SAIC] last Thursday reported higher sales and earnings in its fiscal year 2021 fourth quarter, driven by its acquisition last year of the federal business of Unisys [UIS] and improved operating income. Net income in the quarter was up 5 percent to $62 million, $1.05 earnings per share (EPS), from $59 million ($1.01 EPS) a year ago, despite a headwind due to the COVID-19 pandemic. Acquisition and integration costs trimmed $7 million from the bottom line.…

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