RESTON, Va., Feb. 05, 2026 (GLOBE NEWSWIRE) -- Science Applications International Corp (NASDAQ: SAIC), a premier Fortune 500® company driving our nation's digital transformation across the defense, space, intelligence, and civilian markets, today announced that it will participate in the Cowen and Company 47th Annual Aerospace & Defense Conference. During the conference, SAIC Chief Financial Officer Prabu Natarajan will discuss the company’s strategic and financial outlook during a moderator-led question-an ...

Summary of ISG Global Index Call - Q4 2025 Company and Industry Overview - The call was hosted by Information Services Group (ISG), focusing on the IT and business services industry, which influences $200 billion of technology spending annually [5][11] - The ISG Index measures the health and growth of the technology industry, including managed services and cloud-based software and infrastructure services [11] Key Insights and Arguments Market Performance - The Americas led market growth in 2025, crossing $23 billion in managed services ACV for the first time, driven by strong ITO activity and a rebound in BFSI [12] - EMEA saw a 20% increase in ACV for engineering services, with cloud demand accelerating and deal sizes expanding [13] - The global combined market reached $34.3 billion in ACV in Q4 2025, marking a 16% year-over-year increase and the fourth consecutive quarter above $30 billion [14] - The as-a-service market grew 29% globally in 2025, while managed services grew only 1.3% [14][15] Segment Performance - SaaS accounted for 66% of the total combined market, with significant growth in cloud, software, and consumption-based services [15] - Managed services faced constraints due to fewer mega-deals and pricing pressure, with a slight decline in Q4 2025 [15][16] - Engineering services were the fastest-growing segment, with a 35% increase in ACV year-over-year, driven by large integrated multinational providers [21] - BPO generated over $2 billion in ACV in Q4 2025, up 13% year-over-year, but faced annual declines [24][25] Regional Insights - The Americas generated $23.5 billion in managed services ACV in 2025, up 9% from 2024, while EMEA's managed services ACV totaled $16.7 billion, down 1.4% [28][30] - Asia Pacific struggled, with managed services ACV down 27% year-over-year, primarily due to a decline in the smallest deal category [31] Future Outlook - For 2026, managed services growth is forecasted at 2.1%, while as-a-service is expected to grow by 20% [54] - Enterprises are navigating macroeconomic uncertainties, but investments in AI and cloud infrastructure are expected to continue [54] - The demand for AI-driven outcomes and flexible commercial models will shape the future of the outsourcing market [55] Additional Important Insights - The engineering segment showed strong growth across various sectors, with EMEA leading in ER&D spend, up 86% for the year [22] - AI is now a dominant driver of growth, with hyperscaler investments significantly impacting the market [13][41] - The BPO market is in a reset mode, with uneven growth concentrated in specific functions and industries, particularly industry-specific BPO [26][84] - The call highlighted the importance of AI in transforming traditional outsourcing models, with a focus on hyper-personalization and domain-led transformation [84] This summary encapsulates the key points discussed during the ISG Global Index call, providing insights into market performance, segment growth, regional dynamics, and future outlooks in the IT and business services industry.

Company Overview - Riot Platforms, Inc. is a leading U.S.-based Bitcoin mining company with a diversified business model that includes cryptocurrency mining and specialized engineering services [5] - The company operates large-scale Bitcoin mining facilities and provides engineering services, generating revenue primarily from Bitcoin mining operations and from designing, manufacturing, and installing electrical infrastructure for commercial and governmental clients [8] - As of the latest report, Riot's market capitalization is $5 billion, with a revenue of $637.16 million and a net income of $164 million for the trailing twelve months (TTM) [4] Recent Performance - Riot Platforms reported a record quarter, achieving $180.2 million in revenue and $104.5 million in net income, with nearly $200 million in adjusted EBITDA, driven by higher Bitcoin prices and expanding infrastructure operations [6] - The company's shares were priced at $13.44, reflecting a 16% increase over the past year, which is comparable to the S&P 500's approximately 15% gain during the same period [3] Investment Activity - 13D Management LLC fully liquidated its position in Riot Platforms, selling all 453,272 shares valued at approximately $5.12 million, which previously represented 4.7% of the fund's 13F reportable assets [2][6] - The decision to exit the position may reflect a shift in the stock's risk profile, as mining economics tighten and competition increases, leading to a strategy more focused on capital-intensive data center development [9] Market Context - The stock's performance has been strong, with shares up nearly 90% year-to-date through the last quarter, prompting some investors to lock in gains [9][10] - Riot's current valuation suggests that shares are neither significantly undervalued nor overvalued, aligning closely with market performance [10]

Group 1 - Bowman Consulting Group Ltd. (NASDAQ:BWMN) is recognized as a promising small-cap industrial stock priced under $50, with a bullish outlook from analysts [1] - Roth Capital analyst Jeff Martin has raised the price target for BWMN from $45 to $50, indicating an upside potential of over 45% for investors [1][2] - The stock has a consensus 1-year average price target of $45.75, suggesting a 35% upside potential from its current level, with all four analysts covering the stock issuing Buy ratings [3] Group 2 - The upward revision of the price target is attributed to Bowman Consulting Group's recent acquisition of RPT Alliance, aimed at expanding their power and utilities platform [2] - This strategic acquisition is expected to create growth opportunities and enhance the company's margins, justifying its premium valuation compared to peers [2] - Bowman Consulting Group Ltd. operates as a multi-disciplinary engineering services firm, providing innovative solutions in real estate, infrastructure, and energy sectors, including land planning, construction administration, and environmental management [4]

Core Insights - Science Applications International Corporation (SAIC) has appointed Ravi Dankanikote as the Chief Growth Officer, effective immediately, reporting to Interim CEO Jim Reagan [1][2] - Dankanikote has over 30 years of experience in growth leadership within the government contracting space, recognized for his customer-centric business development approach [2][3] - His previous roles include Senior Vice President for Business Development at SAIC and Chief Growth Officer at Peraton, with a long tenure at CACI [3][4] Company Strategy - In his new role, Dankanikote will lead SAIC's enterprise growth strategy and go-to-market approach, focusing on aligning growth investments with long-term enterprise goals [2][4] - The company aims to implement a simplified organizational structure to enhance focus on key opportunities, thereby increasing value for customers and growth for shareholders [4] Market Position - SAIC is positioned as a leader in the defense, space, intelligence, and civilian markets, with a robust portfolio that includes mission IT, enterprise IT, engineering services, and professional services [6][7] - The company has annual revenues of approximately $7.5 billion and employs around 24,000 people [7]

Core Insights - Science Applications International Corporation (SAIC) reported a revenue contraction of 5.6% for the third quarter ended October 31, 2025, attributed to a government shutdown and contract completions, despite strong margins from effective program execution [2][4][11]. Financial Performance - Revenues for the quarter were $1.866 billion, down 6% from $1.976 billion in the prior year [3][4]. - Operating income decreased by 20% to $128 million, with an operating margin of 6.9%, down 120 basis points from 8.1% [3][5]. - Net income fell 26% to $78 million, while diluted earnings per share decreased by 21% to $1.69 [3][7]. - Adjusted EBITDA was $185 million, representing 9.9% of revenues, a slight decrease from 10.0% in the prior year [3][6]. Cash Flow and Capital Deployment - Net cash provided by operating activities was $129 million, down 10% from $143 million in the prior year [3][8]. - Free cash flow surged to $135 million, a significant increase from $9 million in the previous year [3][6]. - The company deployed $120 million in capital, primarily for share repurchases and dividends [9]. Backlog and Contract Awards - Net bookings for the quarter were approximately $2.2 billion, with a book-to-bill ratio of 1.2, and year-to-date net bookings reached $7.2 billion [11]. - The estimated backlog at the end of the quarter was approximately $23.8 billion, with $3.8 billion funded [11][42]. - Notable contract awards included a $1.4 billion task order for the U.S. Air Force and a $413 million task order for the U.S. Army [12][13]. Acquisition Activity - SAIC acquired SilverEdge Government Solutions for a preliminary purchase price of $203 million, aimed at enhancing its mission-focused technology solutions [18]. Fiscal Year 2026 Guidance - The company raised its fiscal year 2026 guidance for revenue to $7.275 billion - $7.325 billion and adjusted EBITDA to approximately $695 million [20].

Core Viewpoint - The company has not yet engaged in business cooperation with electric vehicle manufacturers in the field of battery swapping stations [1] Group 1 - The company is currently not involved in any partnerships related to battery swapping stations with electric vehicle manufacturers [1]

Core Insights - INNEOVA Holdings is positioned as a leader in the transformation of the global energy landscape, focusing on sustainability and digitalization to meet rising energy demands [2][20] Group 1: Operational Enhancements - The automation of the new Fulfilment Centre in Singapore has significantly improved throughput efficiency and service reliability, crucial for mission-critical industries [4] - The rebranding from SAG Holdings Limited to INNEOVA Holdings Limited reflects a commitment to innovation and sustainability [5] - The acquisition of INNEOVA Engineering Pte. Ltd. enhances the company's integrated solutions across the lifecycle of critical systems, improving uptime and cost optimization [5] Group 2: Financial Performance - FY2025 showed resilient financial growth, driven by high-value Engineering Services and Parts Solutions, allowing for reinvestment in technology and talent [6] Group 3: Sustainability Initiatives - INNEOVA is advancing its hydrogen technology initiatives in alignment with Singapore's National Hydrogen Strategy, aiming for net-zero emissions by 2050 [7] - The Hydrogen Pathfinder Pilot will introduce up to 20 hydrogen-powered heavy-duty vehicles, enhancing low-carbon mobility [7][8] Group 4: Strategic Contracts - INNEOVA Engineering secured a multi-year overhaul tender from PSA Singapore, enhancing operational efficiency and equipment uptime in a major port [8][9] Group 5: Partnerships and Collaborations - INNEOVA has formed partnerships with industry experts and associations to accelerate capabilities in renewable energies and advanced manufacturing [10][11] - Membership in the Hydrogen Full Cell Association of Singapore supports the company's efforts in hydrogen technology and decarbonization [12] Group 6: Future Outlook - The company aims to leverage digital enablers and predictive engineering services to enhance operational reliability and support the transition to low-carbon energy solutions [16][18] - INNEOVA aspires to be a catalyst for green energy in the region, aligning with Singapore's Green Plan 2030 and the ASEAN Power Grid initiative [19][20]

Core Insights - Science Applications International Corporation (SAIC) announced a strategic organizational restructuring aimed at enhancing growth opportunities and shareholder value creation while maintaining focus on operational results [2][5]. Business Group Consolidation - Effective January 31, 2026, SAIC will consolidate its five current business groups into three: the Army and Navy business groups will merge into the Army Navy Business Group (ANG), and the Air Force & Combatant Commands along with the Space and Intelligence business groups will form the Air Force, Space and Intelligence Business Group (AFSI) [3][10]. - The Civilian Business Group will remain unchanged [3][10]. Leadership Changes - The newly consolidated business groups will be led by existing SAIC executive vice presidents: Barbara Supplee for ANG, Vinnie DiFronzo for AFSI, and Srini Attili for the Civilian Business Group [5]. - Key executives Josh Jackson, David Ray, and Chief Innovation Officer Lauren Knausenberger will depart the company to pursue other opportunities [5][6]. Organizational Realignment - The Chief Innovation Office will be restructured to align more closely with the new business groups and the markets served [4]. - The restructuring is intended to optimize operations for speed, flexibility, and efficiency, thereby enhancing customer service and accelerating growth [5]. Company Overview - SAIC is a Fortune 500 mission integrator focused on technology and innovation across defense, space, civilian, and intelligence markets, with annual revenues of approximately $7.5 billion and a workforce of around 24,000 [7][8].

Financial Data and Key Metrics Changes - The company reported Q3 revenues of $1.46 billion, a 23% increase year over year, driven by growth in engineering and real estate services segments [7][10] - Adjusted EBITDA for the quarter was $191 million, reflecting a 24% increase from the previous year [7] - Assets under management reached $108 billion, a 10% increase from the previous year [6][10] Business Line Data and Key Metrics Changes - Engineering segment revenues increased by 36%, with internal growth of 6% and significant contributions from acquisitions [9] - Real estate services segment revenues rose by 13%, with capital markets up 21% and leasing revenues increasing by 14% [8][9] - Outsourcing revenues grew by 8%, led by valuation and advisory practices [9] Market Data and Key Metrics Changes - Strong sales growth was noted in the U.K., Japan, and Canada, particularly in capital markets and leasing [8] - Debt finance activity was robust, especially in U.S. multifamily originations [8] Company Strategy and Development Direction - The company is focused on unifying operations under the Harrison Street Asset Management brand, which is expected to strengthen the business and enhance shareholder value [5][10] - The engineering sector is seen as a significant growth opportunity, with plans to double revenue and profitability in the coming years [29][101] - The company maintains a decentralized operating model that allows for flexibility and responsiveness to market opportunities [5][29] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in meeting full-year guidance despite slight expected declines in investment management margins due to integration costs [10][41] - The capital markets recovery is viewed as a multi-year process, with expectations for continued growth in Q4 and beyond [48][50] - Management highlighted the importance of long-term value creation over short-term margin pressures [41][42] Other Important Information - The company raised $1 billion in new capital commitments during the quarter, with total year-to-date fundraising reaching $4.4 billion [10] - The leverage ratio was reported at 2.3 times, with expectations to decline to just under two times by year-end [11] Q&A Session Summary Question: Inquiry about engineering margins and service mix - Management noted that engineering margins were slightly impacted by service mix, with a net margin decrease of 20 to 30 basis points [16][18] Question: Discussion on investment management business and future margins - Management indicated that integration costs would impact margins for the next two to three quarters, but they remain focused on long-term growth [20][21] Question: Organic growth in engineering - Year-to-date organic growth in engineering was reported at around 8%, with expectations for continued growth in the mid-high single-digit range [24][25] Question: Capital markets activity and fourth-quarter outlook - Management expressed confidence in exceeding last year's capital markets performance, with a solid pipeline for Q4 [43][46] Question: Leasing activity and geographical performance - Strong leasing activity was noted in the U.S., particularly in industrial and office sectors, with expectations for continued growth [37][38] Question: Feedback on integration of investment management - Client feedback on the integration process has been positive, with increased capital allocations from investors [34][36] Question: Construction activity outlook - Management indicated that construction activity is currently soft, particularly in condominiums, but there is ongoing activity in data centers and related infrastructure [66][67] Question: Future growth potential in engineering across regions - Management highlighted significant growth opportunities in the U.S., Canada, Australia, and Europe, emphasizing the fragmented nature of the engineering market [100][101]