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Business/Financial

SAIC Posts Strong Third Quarter Results; Townes-Whitley Discusses DOGE

By Cal Biesecker

Thursday, December 5th, 2024

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SAIC CEO Toni Townes-Whitley. Photo: SAIC

Science Applications International Corp. [SAIC] on Thursday posted strong third quarter fiscal year 2025 results driven by work on new and existing contracts. Net income rose 14 percent to $106 million, $2.13 earnings per share (EPS) versus $93 million ($1.76 EPS) a year ago. Adjusted earnings, which exclude non-recurring acquisition and restructuring costs, were $2.61 EPS, handily beating analysts’ estimates of $2.17 per share. Sales increased 4 percent to $2 billion from $1.9 billion a year ago. SAIC’s Civil segment…

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