Science Applications International Corp. (NYSE: SAIC) reported $1.83 billion in revenue for the second quarter of its 2022 fiscal year, up 4 percent from the prior year period, with diluted earnings per share of $1.41
The Reston, Virginia-based government technology services contractor said Thursday it posted $1.6 billion in Q2 FY 2022 net bookings with a book-to-bill ratio of 0.9 and ended the quarter with an estimated total backlog of approximately $24 billion, of which $3.3 billion was funded.
Notable contracts secured by SAIC during the previous quarter include a potential $355 million contract to provide digital and systems engineering support for defense and intelligence agencies and a potential four-year, $90 million contract with the U.S. Air Force for sustainment and logistics services to help update defenses against small drone threats.
Nazzic Keene, CEO of SAIC and a 2021 Wash100 Award winner, said the company took significant actions across strategic, operational and financial areas during the second quarter and the quarterly financial results represent “increased organic growth and a second straight quarter of record profitability.”
SAIC recorded $133 million in Q2 FY 2022 operating income and free cash flow of $85 million for the quarter. The company noted that stockholders of record as of Oct. 15 will receive a cash dividend of $0.37 per share, payable on Oct. 29.