News- SAIC Announces Financial Results for 3rd Quarter

SAIC has announced its results for the 3rd Quarter of Fiscal Year 2010, which ended in October 2009. The company recorded increases in revenues, operating income and diluted EPS from continuing operations.

Revenues increased by 5 percent, to $2.77 billion and operating income increased by 14 percent, to $233 million. Walt Havenstein, CEO of SAIC, said “We continue to deliver world class solutions to our customers and financial results consistent with our goals. The third quarter reflects strong earnings per share growth driven by significantly improved operating margins. Internal revenue growth was lower than we’ve recently experienced; in part from the expected effects of an acquisition and the effects of fewer new contract starts in recent quarters. Our overall view for fiscal year 2010 is essentially unchanged; we expect to continue delivering solid program execution and perform within all of our long-term financial goals.”

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