Sign In
Search
Business/Financial

SAIC’s Earnings Dip In First Quarter On Acquisition, Contract Overrun

Cal Biesecker By
SHARE:
SAIC’s Earnings Dip In First Quarter On Acquisition, Contract Overrun
SAIC CEO Tony Moraco

 Science Applications International Corp. [SAIC] on Tuesday posted slightly higher sales in its opening quarter but net income edged down due to costs associated with its recent acquisition of Scitor and because of a charge on a small Army contract.Net income slipped 3 percent to $33 million, 69 cents earnings per share (EPS), from $34 million (69 cents EPS) a year ago, 6 cents EPS below analysts’ expectations. Per share earnings held steady due to a lower share count from…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Air Force

Military Personnel Must Retain Targeting Decision Go Or No Go, Vance Says

Business/Financial

Federal Spending On Venture And Private Equity-Backed Companies Increased In FY ‘25

Advanced / Transformational Technology

DIU Seeks Solutions For Autonomous Watercraft For Intra-Theater Logistics

Congress

Warren And Sheehy Renew Call for “Right to Repair” In NDAA

Trending

Marine Corps Explores Adding Second Supplier For ‘Production-Ready’ JLTVs
Space Force Awards SpaceX $2.3 Billion Contract For Space Data Network 
Space Force Awards Viasat And Intelsat General $438 Million For Continued Work On PTS-G
DoD Opens $30 Million Prize Challenge For Autonomous Non-Tactical Vehicles
Rocket Lab To Design, Build And Operate Two GEO Satellites For Space Domain Awareness Under $90 Million Contract

Congress Updates

Congress

Warren And Sheehy Renew Call for “Right to Repair” In NDAA

Sen. Elizabeth Warren (D-Mass.) and Sen. Timothy Sheehy (R-Mont.), two members of the Senate Armed Services Committee (SASC), are renewing their call for “Right to Repair” language in the National […]

Navy/USMC

HASC Looks To Restrict USV Deliveries Without Navy CONOPS And Strategy

The House Armed Services Committee’s (HASC) fiscal year 2027 defense policy draft bill aims to restrict the Navy’s use of unmanned surface vessels (USV) until it decides on key factors […]

Congress

Gaps In Army’s Tactical Counter-Drone Capabilities Remain Concern Of HASC

A draft defense policy bill released this week says the Army is fielding counter-drone capabilities for defense of fixed sites and maneuver forces but suggests that troops at the lowest […]

Army

HASC Wants Closer Look At Army’s SBMC Program, Cites Avoiding Past IVAS Missteps

The House Armed Services Committee (HASC) wants a closer look at the Army’s Soldier Borne Mission Command (SBMC) effort, citing support for the development program while expressing caution to avoid […]

The Force Multipliers

Force Multipliers

Michael DiOrio – Dataminr

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Job Feed

Post a Job // Post a Resume