SAIC 3Q Revenue Up 3%, Health Segment Up 2%; John Jumper Comments

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John Jumper

Science Applications International Corp. (NYSE: SAI) has announced financial results for its third quarter of fiscal year 2013, ended Oct. 31, 2012.

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The McLean, Va.-based defense contractor reported a 3 percent revenue increase from the prior year period, recording $2.87 billion for the most recent quarter compared to $2.79 billion in the third quarter for fiscal 2011.

Revenue for the company’s health, energy and civilian solutions segment increased 2 percent year-over-year, recording $2.08 billion for the most recent quarter compared to nearly $2 billion in the prior year period.

“This quarter we are reporting modest year-over-year revenue growth and solid new business bookings even in the currently cautious government market, ” Chairman and CEO John Jumper said. “Our outlook continues to be cautious as the government approaches critical fiscal decisions.

“Under any scenario, we expect government spending to be constrained, especially in the defense market, and we are preparing for the budget pressures.”

Net business bookings totaled $4.8 billion for the quarter, representing a book-to-bill ratio of 1.7.

Awards for the quarter included:

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