Science Applications Intl Corp Stock Price, News & Analysis

Science Applications International Corp. (NYSE: SAIC) has been ranked as the #1 U.S. government services provider by revenue in both infrastructure implementation and application managed services, according to Gartner’s new Market Share report. This marks the second consecutive year for the top rank in application managed services. Additionally, SAIC is recognized as the #2 provider for application implementation and managed services, while maintaining the #3 position for technology consulting and overall IT services. The company's current annual revenues are approximately $7.4 billion.

Science Applications International Corp. (SAIC) is set to announce its first quarter fiscal year 2023 results on June 6, 2022, before the market opens. Following the release, a conference call with SAIC's executive management will take place at 10:00 a.m. Eastern Time to discuss the operational and financial results. The call will be webcasted through the SAIC Investor Relations website, and an audio replay will be made available post-call. SAIC is recognized as a leading technology integrator, with annual revenues of approximately $7.4 billion.

Science Applications International Corp. (SAIC) has secured a contract extension with the County of Orange, California, for continuing IT managed services. The extension spans 24 months and is valued at approximately $64 million, with potential one-year options thereafter. SAIC will support various IT operations, including data centers and security. This partnership highlights SAIC's strong performance, as evidenced by positive customer satisfaction surveys over eight years. The county serves about 3 million residents through its 25 departments.

Science Applications International Corp. (SAIC) has appointed W. Scott Gould, former Deputy Secretary of Veterans Affairs, to its Strategic Advisory Board. Gould, who is currently CEO of Mountain Lake Associates, brings extensive experience in federal healthcare and military service. SAIC CEO Nazzic Keene anticipates Gould's insights will enhance the company's ability to meet client needs. This board, consisting of leaders from the public sector, will provide strategic guidance to support SAIC's growth and innovation efforts.

Science Applications International Corporation (SAIC) reported Q4 revenues of $1.8 billion, marking a 4% increase, with full-year revenues reaching $7.4 billion and 5% growth. Despite this growth, Q4 diluted earnings per share fell 28% to $0.76, and adjusted diluted EPS decreased 10% to $1.50. The company has a strong backlog of $24.1 billion and repurchased $211 million of shares. For FY2023, SAIC anticipates revenues between $7.35 billion and $7.55 billion with an adjusted EBITDA margin of approximately 8.9%.

Science Applications International Corp. (SAIC) announced a cash dividend of $0.37 per share, payable on April 29, 2022. Shareholders on record as of April 14, 2022 will receive this dividend. SAIC plans to maintain quarterly dividends, subject to board approval based on earnings and financial health. The company reported pro forma annual revenues of approximately $7.1 billion and emphasizes its commitment to delivering innovative technology solutions in defense, space, and intelligence markets.

Science Applications International Corp. (SAIC) is set to announce its fourth quarter and full fiscal year 2022 results on March 28, 2022, before market open. A conference call discussing operational and financial results will follow at 10:00 a.m. EDT, available via webcast only. With a pro forma annual revenue of approximately $7.1 billion, SAIC is recognized for its technology integration across defense, space, civilian, and intelligence markets. The company emphasizes a commitment to diversity and inclusion as part of its corporate values.

Science Applications International Corp. (SAIC) has collaborated with Yale School of Nursing to fund research aimed at improving access to vaccines in minority and rural communities. The study, commissioned in February 2021 and completed in December 2021, identifies strategies to combat vaccine hesitancy and enhance distribution. It emphasizes the need for technology and supply chain modernization to ensure that vaccines are delivered equitably. Recommendations include mobilizing community leaders and simplifying registration processes.

Science Applications International Corp. (SAIC) secured $410 million in contract awards for Q4 FY 2022, totaling $2 billion for the fiscal year. The awards primarily focus on digital and systems engineering and data analytics, showcasing SAIC's commitment to innovative solutions in the National Security and Space sector. With annual revenues around $7.1 billion, SAIC continues to emphasize integrated solutions driven by advanced technologies to meet customer needs.