Science Applications International Corporation (SAIC) has secured a contract worth $232 million from the U.S. Air Force's 774th Enterprise Sourcing Squadron. Under this contract, SAIC is set to develop signals intelligence and electronic warfare systems for the U.S. Army. This new task order for SAIC was carried out through a multiple-award contract vehicle, which is managed by the Department of Defense Information Analysis Center (DoD IAC). The DoD IAC assists the Department of Defense and federal governme ...

Smederevac Science Applications International Corporation (NASDAQ:SAIC) acquired companies with capabilities in digital transformation and artificial intelligence know-how. Also, with recent contracts in the cybersecurity market, I believe that SAIC could receive significant business growth from growing industries. Given the total backlog of approximately $22.8 billion, noted in the most recent quarter, and agreements with the United States government, SAIC will most likely deliver net sales growth. The ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended February 2, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission file number 001-35832 Science Applications International Corporation (Exact name of registrant as specified in its charter) Delaware 46-19 ...

Science Applications International Corporation (SAIC) shares plunged 10% on Monday after the company reported lower-than-expected bottom-line results for the fourth quarter of fiscal 2024. The company reported fourth-quarter adjusted earnings of $1.43 per share, which lagged the Zacks Consensus Estimate by a penny. The figure also decreased 30% year over year due to lower revenues and higher expenses.Revenues declined 12% year over year to $1.74 billion but outpaced the consensus mark by 5.9%. The year-over ...

Science Applications International Corporation (NASDAQ:SAIC) Q4 2024 Earnings Conference Call March 18, 2024 10:00 AM ET Company Participants Joseph DeNardi - Senior Vice President, Investor Relations and Treasurer Toni Townes-Whitley - Chief Executive Officer Prabu Natarajan - Chief Financial Officer Conference Call Participants Seth Seifman - JPMorgan Jason Gursky - Citi Greg Konrad - Jefferies Bert Subin - Stifel Cai von Rumohr - TD Cowen Tobey Sommer - Truist Securities Josh Korn - Barclays Operator Hel ...

Defense tech specialist Science Applications International (SAIC -9.70%) missed quarterly expectations due to expenses tied to its CEO transition. Investors are taking a harsh view, sending SAIC shares down 10% as of 10:30 ET on Monday.A bottom-line miss despite strong salesSAIC provides IT, tech, and engineering services to a range of government and defense customers. The company earned $1.43 per share in its fiscal fourth quarter, ending Feb. 2, which fell short of Wall Street's $1.47 consensus. Revenue c ...

SAIC PROPRIETARY INFORMATION | | Q SAJC. ALL RIGHTS RESERVED | I 17 Non-GAAP Reconciliation – Adjusted Diluted Earnings per Share Adjusted Diluted Earnings Per Share | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |----------------------------------------------------|----------|--------|-------|--------|---------------------------------------------------|--------|-------|---------|---------| | | Reported | | | | Three Months Ended February 2, 2024 \nRecovery at | assets | | Gain on | results | ...

| | | | Three Months Ended | | | | Year Ended | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | February 2, | Percent | February 3, | | February 2, | Percent | | February 3, | | | | 2024 | change | 2023 | | 2024 | change | | 2023 | | | | | | | (in millions, except per share amounts) | | | | | | Revenues | $ | 1,737 | (12) % $ | 1,968 | $ | 7,444 | | (3) % $ | 7,704 | | Operating income | | 79 | (33) % | 118 | | 741 | 48 | % | 501 | | Operating income as a percentage of | | | | | | | ...

Science Applications International Corporation (SAIC) has secured $284 million in contracts from the U.S. intelligence community in the first two months of 2024. The deals mark a milestone for SAIC's strategy to expand its mission, IT and engineering services within the intelligence sector.David Ray, Science Applications' executive vice president of the Space and Intelligence Business Group, expressed confidence in leveraging these wins to strengthen customer relationships and broaden its service offerings. ...

Science Applications International Corporation (SAIC) has been awarded a $444 million contract to support the U.S. Space Force's Digital Transformation, Acquisition, Modernization and Modification (“DTAMM”) program. The contract focuses on enhancing the Space Systems Command and Space Launch Deltas (SLDs) 30 and 45.Science Applications' executive vice president, David Ray, emphasized the company's commitment to advancing space exploration and resilience. The contract will aid in modernizing space launch ran ...