Candorium Free Members
Join Candorium to access the full article and more
Free Member Benefits:
✔
Comment & Reply✔
Newsletter Access✔
Follow Authors✔
Share via SMS Go Back
SAIC Announces Strong Quarterly Profit Growth
By USinMinutes - Sep 05, 2024, 06:56 AM ET
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.
Sponsored
129.21 (0.67)
As of September 4, 2024 end of day trading.
USinMinutes is an offering of 10kInfo, Inc., bringing you news on the latest regulatory filings. Although we take care to ensure accuracy, the article does not intend to replace user diligence in decisions of financial or legal implications.
Sponsored
Read More from EarningsNews
Read More from USinMinutes
Popular News
Latest News