Science Applications International Corporation - Common Stock (SAIC)
116.10
+11.67 (11.17%)
Science Applications International Corporation is a prominent provider of technology solutions and services primarily aimed at government and commercial clients
The company specializes in areas such as cybersecurity, cloud computing, and data analytics, helping customers modernize their operations and enhance security measures. With a focus on innovation, SAIC develops software and systems that support mission-critical programs in sectors like defense, intelligence, and civil services. By leveraging advanced technologies, the company aims to solve complex challenges and improve the efficiency and effectiveness of its clients' missions.
Science Applications International Corp (NASDAQSAIC) posted a 6% year-on-year sales growth to $1.84 billion, surpassing analyst expectations of $1.81 billion. Adjusted EPS of $2.57 also beat the consensus of $2.08. The company's operating income surged 75%, with a 300 basis point improvement in operating margin.
Government IT services provider Science Applications International Corporation (NASDAQSAIC) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 5.8% year on year to $1.84 billion. The company expects the full year’s revenue to be around $7.68 billion, close to analysts’ estimates. Its non-GAAP profit of $2.57 per share was 23.2% above analysts’ consensus estimates.
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