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Business/Financial

SAIC Posts Strong Earnings, Organic Sales In Second Quarter

By Cal Biesecker

Thursday, September 7th, 2023

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SAIC Posts Strong Earnings, Organic Sales In Second Quarter

SAIC CEO Nazzic Keene. Photo: SAIC

Science Applications International Corp. [SAIC] on Thursday posted strong results in its second quarter with organic growth above 8 percent and net income more than tripling. Net income was $247 million, $4.56 earnings per share (EPS), versus $74 million ($1.30 EPS) a year ago. Adjusting for a gain on divestitures and other non-operating expenses, adjusted earnings of $2.05 EPS topped consensus estimates by 43 cents per share. Adjusted operating margin increased 70 basis points to 9.8 percent. Sales in the…

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