SAIC Announces Strong Quarterly Profit Growth
Second Quarter Revenue Sees 2% Organic Growth for SAIC
Science Applications International Corporation [SAIC] reported a net income of $81 million for the second quarter ended August 2, 2024. The quarter, marked as Q2 of the fiscal year, saw a noteworthy figure compared to the previous quarter's net income.
The company, headquartered in Reston, Virginia, reported to SEC in an 8-K filing $1.58 earnings per share in the quarter, compared to $4.56 in the previous quarter.
Science Applications International Corporation, a technology integrator in the defense, space, civilian, and intelligence markets, reported revenues of $1.82 billion for the current period, showing a 2% increase from the previous quarter's revenue.
In comparison to the same quarter in the previous year, Science Applications International Corporation experienced a revenue increase, with the current period showing growth of 2%. Additionally, the company's net income for the current quarter displayed a decrease of 67% compared to the net income in the same quarter of the previous year.
