SAIC Posts $1.8B in Revenue, $2.1B in Net Bookings for Q2 FY 2023; Nazzic Keene Quoted

Science Applications International Corp. (NYSE: SAIC) recorded $1.83 billion in revenue and $1.30 in diluted earnings per share for the second quarter of its 2023 fiscal year.

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The Reston, Virginia-based government technology services contractor said Thursday it logged $2.1 billion in Q2 FY 2023 net bookings, reflecting a book-to-bill ratio of 1.1, and closed the quarter with an estimated total backlog of approximately $24.3 billion, of which $3.6 billion was funded.

Notable contracts secured by SAIC during the previous quarter include a $319 million contract with the U.S. Air Force for sustainment services to the Falconer weapon system and a $200 million task order with the U.S. Army for research, assessment and analysis support to the Forces Command G-2-Intelligence, Intelligence Warfighting Function.

At SAIC’s earnings call Thursday, SAIC CEO Nazzic Keene cited three examples that reflect the company’s efforts as a tech integrator in support of customers’ evolving requirements. One of the examples she discussed is the company’s counter-unmanned aerial system as part of its systems integration and delivery capability within GTA, also known as growth and technology accelerants.

The other two examples deal with secure cloud within GTA and programs meant to help clients carry out their Joint All-Domain Command and Control strategy.

Keene, a 2022 Wash100 Award winner, said the space business accounts for around 20 percent of SAIC’s portfolio.

“As we’re all staying, we do believe this is an area of growth especially when you link the space related missions to some of our GTA areas. And so we do think this is an area where we can drive organic growth over the course of the next several years in support of the customer’s missions,” she added.

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