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SAIC Posts Third Quarter Gains But Trims Growth Expectations For Year

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By Calvin Biesecker SAIC [SAI] on Wednesday posted strong third quarter gains in its operating income amid a modest rise in sales, but the company said growth for the year would be less than expected due to headwinds in the federal market. Those headwinds include delays in procurement decisions and converting contract wins into revenues, Walt Havenstein, SAIC's CEO, said during the analyst call. These delays stem from a number of factors, including an increased workload on government officials due…

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