Cowen Downgrades Science Applications (SAIC) to Market Perform
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SAIC Announces Financial Results for the Second Quarter of Fiscal Year 2017
September 8, 2016 6:30 AM EDTRevenues: $1,095 million
Operating income: $70 million; Adjusted operating income: $73 million
Earnings before interest, taxes, depreciation and amortization (EBITDA) margin: 7.5%; Adjusted EBITDA margin: 7.8%
Diluted earnings per share: $0.81; Adjusted diluted earnings per share: $0.85
Cash flows provided by operating activities: $23 million
Repurchased 721K shares for $41 million
Book-to-bill ratio of approximately 1.2
MCLEAN, Va.--(BUSINESS WIRE)-- Science Applications International Corporation (NYSE: SAIC), a leading technology integrator providing full life cycle services and solutions in the technical, engineering, intelligence, and enterprise information technology... More
