Welcome to our dedicated page for Science Applications Intl news (Ticker: SAIC), a resource for investors and traders seeking the latest updates and insights on Science Applications Intl stock.
Science Applications International Corporation (SAIC) (NASDAQ: SAIC) is a Fortune 500 mission integrator and technology company serving defense, space, intelligence, and civilian customers. This news page aggregates company announcements, contract awards, earnings updates, and strategic developments that shape the SAIC stock story.
Recent SAIC news highlights include major U.S. government contracts and organizational changes. The company has reported awards such as the COBRA (Collaborative Operations for Battlespace Resilient Architecture) task order supporting multi-domain command and control, and a contract from the Naval Undersea Warfare Center to operate, maintain, and upgrade propulsion test facilities for undersea weapons and vehicles. SAIC has also announced collaborations, such as its partnership with HavocAI to connect autonomous maritime fleets to joint command and control infrastructure using its Joint Range Extension system.
Investors and observers can follow SAIC’s quarterly earnings releases, where the company reports revenues, margins, bookings, backlog, and cash flow metrics, along with commentary on program performance and capital deployment, including share repurchases and dividends. News items also cover leadership changes, including the appointment of an interim Chief Executive Officer and a Chief Growth Officer, and organizational restructuring intended to simplify the company’s structure and sharpen its focus on growth and shareholder value creation.
Additional coverage includes announcements about acquisitions, such as the agreement to acquire SilverEdge Government Solutions to expand mission-focused, IP-based solutions and commercial products for national security missions. By reviewing this news feed, readers can track how SAIC’s mission IT, enterprise IT, engineering services, and professional services evolve across defense, space, civilian, and intelligence markets over time.
Science Applications International Corp. (SAIC) is set to release its second quarter fiscal year 2023 results on September 1, 2022, before market open. An executive conference call discussing operational and financial outcomes will follow at 10:00 a.m. ET. The call will be available via webcast, with a supplemental presentation accessible on the SAIC Investor Relations website. SAIC, headquartered in Reston, Virginia, reported approximately $7.4 billion in annual revenues, focusing on technology solutions across defense, space, and intelligence markets.
Science Applications International Corp. (SAIC) has announced the appointment of Hilary L. Hageman as the new Executive Vice President, General Counsel, and Corporate Secretary, effective July 11, 2022. Hageman returns to SAIC after serving as General Counsel at Cubic Corporation. She succeeds Steven G. Mahon, who will retire on September 30, 2022, after serving in the role since 2015. CEO Nazzic Keene praised Mahon for his leadership and expressed confidence in Hageman's capabilities to enhance SAIC's legal affairs.
Science Applications International Corporation (NYSE: SAIC) reported a revenue increase to $2.0 billion, marking a 6% growth compared to last year. However, diluted earnings per share decreased 7% to $1.29. The company raised its revenue and adjusted diluted EPS guidance for fiscal year 2023, projecting revenues between $7.43 billion and $7.55 billion and adjusted diluted EPS of $6.90 to $7.20. The Board approved a share repurchase program of up to 8.8 million shares. The backlog stands at $24.1 billion, with net bookings of $2.0 billion.
The board of Science Applications International Corp. (SAIC) has declared a cash dividend of $0.37 per share. This dividend is payable on July 29, 2022, to stockholders of record on July 15, 2022. SAIC aims to continue quarterly dividends, contingent on future earnings and financial health. The company, headquartered in Reston, Virginia, reported annual revenues of approximately $7.4 billion and focuses on transforming technology across various sectors, including defense and intelligence.
Science Applications International Corp. (NYSE:SAIC) has been awarded a $390 million task order by the General Services Administration for systems engineering and integration services aimed at modernizing the U.S. Space Force's Global Positioning Systems (GPS). This award supports the modernization efforts for both civil and military users, enhancing critical infrastructure. The task order spans a base period of 10 months with options for up to seven additional years. SAIC aims to fulfill operational requirements and bolster the resilience of GPS.
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%.