Science Applications Int'l (SAIC) Tops Q1 EPS by 42c; Raises Outlook

Science Applications Int'l (NYSE: SAIC) reported Q1 EPS of $1.94, $0.42 better than the analyst estimate of $1.52. Revenue for the quarter came in at $1.9 billion versus the consensus estimate of $1.81 billion.

“SAIC’s first quarter results are a strong start to fiscal year 2022. Our team produced great business development results and generated higher revenues and earnings," said SAIC CEO Nazzic Keene. "The announcement today of our intent to acquire Halfaker and Associates expands our presence in public sector health and enhances our digital transformation capabilities. We are optimistic about the future due to a well-defined and focused strategy, strong financial performance, and what we all hope are the waning days of the pandemic. Bring on Tomorrow."

GUIDANCE:

Science Applications Int'l sees FY2022 EPS of $6.15-$6.40, versus the consensus of $6.30. Science Applications Int'l sees FY2022 revenue of $7.15-7.3 billion, versus the consensus of $7.24 billion.

For earnings history and earnings-related data on Science Applications Int'l (SAIC) click here.

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