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Thursday, December 5, 2019

=Science Applications (SAIC) reported earnings on Thur 5 Dec 19 (a/h)

 Science Applications misses by $0.06, reports revs in-line

  • Reports Q3 (Oct) earnings of $1.39 per share, $0.06 worse than the S&P Capital IQ Consensus of $1.45; revenues rose 38.5% year/year to $1.63 bln vs the $1.63 bln S&P Capital IQ Consensus.
  • Net bookings for the quarter were approximately $2.2 bln, which reflects a book-to-bill ratio of 1.4. SAIC's estimated backlog of signed business orders at the end of the quarter was approximately $14.5 bln of which $2.9 bln was funded.
  • Operating income as a percentage of revenues of 5.8%, decreased from 6.2% in the comparable prior year period, due to increased intangible asset amortization, lower current quarter net profit write-ups and acquisition and integration costs, partially offset by cost synergies.
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