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Business/Financial

SAIC Sales Up On Engility Acquisition, Earnings Up On Operating Results

By Cal Biesecker

Friday, September 6th, 2019

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SAIC Sales Up On Engility Acquisition, Earnings Up On Operating Results

SAIC CEO Nazzic Keene. Photo: SAIC

Science Applications International Corp. [SAIC] on Thursday reported a hefty increase in second sales due solely to its acquisition earlier this year of Engility Corp. and net income increased due to better operating profit. The Engility deal expanded SAIC’s access to the intelligence community and space missions and the integration is going well and cost synergies have been accelerated, Nazzic Keene, SAIC’s new CEO, said Thursday evening on the company’s second quarter earnings call. Net income increased 16 percent to…

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