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Science Applications International Corp. - SAIC STOCK NEWS

Welcome to our dedicated news page for Science Applications International (Ticker: SAIC), a resource for investors and traders seeking the latest updates and insights on Science Applications International.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Science Applications International's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Science Applications International's position in the market.

Rhea-AI Summary
SAIC reports Q4 FY24 revenues of $1.74 billion with 7.7% organic growth and FY24 revenues of $7.44 billion with 7.4% organic growth. The company achieved Q4 FY24 net income of $39 million and adjusted EBITDA of $127 million. SAIC's FY24 net income was $477 million with adjusted EBITDA of $668 million. The company's Q4 FY24 diluted earnings per share were $0.74, adjusted diluted earnings per share were $1.43. FY24 diluted earnings per share were $8.88 with adjusted diluted earnings per share at $7.88. SAIC's Q4 FY24 cash flows provided by operating activities were $63 million, with transaction-adjusted free cash flow of $119 million. FY24 cash flows provided by operating activities were $396 million, with transaction-adjusted free cash flow of $486 million. SAIC updated its FY25 guidance to reflect higher revenue and free cash flow.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.98%
Tags
earnings
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Rhea-AI Summary
Science Applications International Corp. (SAIC) declared a cash dividend of $0.37 per share of common stock, payable on April 26, 2024, to stockholders of record on April 12, 2024. SAIC plans to continue quarterly dividends, subject to board approval and financial factors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.38%
Tags
management dividends
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Rhea-AI Summary
SAIC announces receiving $284 million in awards from the US intelligence community in early 2024, with plans to recognize $160 million in total awards in Fiscal Year 2025. The company is focusing on expanding its mission, IT, and engineering work within the community, aiming to strengthen customer relationships and deliver on mission sets. SAIC was awarded two contracts exceeding $100 million each and the first task order of a single-award indefinite delivery, indefinite quantity contract, covering data, AI, and engineering capabilities. The company's recent restructuring allows for enhanced collaboration opportunities between its intelligence community and space segments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.26%
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none
Rhea-AI Summary
SAIC honors the winners of the 2024 Black Engineer of the Year Awards (BEYA) in the 'Modern Day Technology Leader' and 'Science Spectrum Trailblazer' categories. The winners, Samford Anderson, Marcus Hill, and Deja Noel, showcase exceptional achievements in STEM professions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.59%
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none
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Rhea-AI Summary
SAIC secures a $444 million contract to support the U.S. Space Force's Space Systems Command and Space Launch Deltas, enhancing spaceport launch schedules and modernizing space range instrumentation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.59%
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none
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Rhea-AI Summary
Science Applications International Corp. (SAIC) has secured a $96 million contract from the Office of the Under Secretary of Defense for Research and Engineering (OUSD(R&E)) to modernize business operations. SAIC will collaborate with OUSD(R&E) to enhance data management, knowledge management, and strategic planning, aiming to improve operational efficiency and support the mission effectively.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.33%
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none
Rhea-AI Summary
SAIC employees raise over $311,908 during Hunger Action Month, providing 3.1 million meals for those in need. The company's partnership with Feeding America has helped deliver 25 million meals over the past 10 years.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.14%
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none
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Rhea-AI Summary
Science Applications International Corp. (SAIC) will release its Q4 FY 2024 results on March 18, 2024, followed by a conference call discussing operational and financial performance. The webcast will be available on the SAIC website, with no dial-in access. An audio replay will be accessible post-call.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.14%
Tags
earnings
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Rhea-AI Summary
Aras partners with SAIC to enhance digital engineering solutions in the defense industry, improving collaboration and efficiency. The integration of Aras Innovator® into SAIC's ReadyOne ecosystem establishes a single-source-of-truth for users, increasing transparency and reducing risks and costs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.13%
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none
Rhea-AI Summary
SAIC honors outstanding women in STEM with the 2023 Women of Color (WOC) STEM awards. Five exceptional professionals are recognized for their leadership and contributions in technology and engineering fields.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.61%
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none
Science Applications International Corp.

NYSE:SAIC

SAIC Rankings

SAIC Stock Data

6.72B
51.33M
0.8%
78.69%
1.96%
Computer Systems Design Services
Professional, Scientific, and Technical Services
Link
US
Reston

About SAIC

saic is a premier technology integrator providing full life cycle services and solutions in the technical, engineering, intelligence, and enterprise information technology markets. saic is redefining ingenuity through its deep customer and domain knowledge to enable the delivery of systems engineering and integration offerings for large, complex projects. saic’s approximately 15,000 employees are driven by integrity and mission focus to serve customers in the u.s. federal government. headquartered in mclean, virginia, saic has annual revenues of approximately $4.4 billion. for more information, visit saic.com.