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Business/Financial

SAIC Posts Strong Start To Fiscal Year; Acquiring Federal Health IT Company

By Cal Biesecker

Friday, June 4th, 2021

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SAIC Posts Strong Start To Fiscal Year; Acquiring Federal Health IT Company

SAIC CEO Nazzic Keene. Photo: SAIC

Science Applications International Corp. [SAIC] late last Thursday afternoon reported strong first quarter results driven in part by an acquisition a year ago and solid organic growth, despite continued impacts from the pandemic, and profits improved on higher operating margin. SAIC also said it has agreed to acquire Halfaker and Associates, LLC, a provider of federal health information technology (IT) solutions, giving it a presence in this area and also bolstering its capabilities in digital services, data analytics, cybersecurity and…

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