Science Applications International Corporation (NYSE:SAIC) Files An 8-K Results of Operations and Financial ConditionItem 2.02. Results of Operations and Financial Condition
On March29, 2018, Science Applications International Corporation issued a press release announcing its financial results for the fourth fiscal quarter and full fiscal year ended February2, 2018. A copy of the press release is furnished as Exhibit 99.1 to this report.
The Company’s management will discuss operations and financial results in an earnings conference call beginning at 8 a.m. Eastern time on March29, 2018. A live audio broadcast of the conference call along with a supplemental presentation will be available to the public through links on the Investor Relations section of the Company’s website (http://investors.saic.com).
The information contained in this report, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section18 of the Securities Exchange Act of 1934, as amended (Exchange Act), or otherwise subject to the liabilities of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 2.02. Financial Statements and Exhibits
(d) Exhibits.
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Exhibit Number |
Description of Exhibit |
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Press Release dated March29, 2018 |
Science Applications International Corp ExhibitEX-99.1 2 saic-ex991_6.htm EARNINGS RELEASE Exhibit Exhibit 99.1 SAIC Announces Fourth Quarter and Full Fiscal Year 2018 Results Revenues: $1.1 billion for fourth quarter; $4.5 billion for fiscal yearDiluted earnings per share: $1.16 for fourth quarter; $4.02 for fiscal yearNet income: $51 million for fourth quarter; $179 million for fiscal year Adjusted EBITDA(1) as a % of revenues: 7.4% for fourth quarter; 7.0% for fiscal yearCash flows provided by operating activities: $84 million for fourth quarter; $217 million for fiscal yearBook-to-bill ratio of approximately 0.5 for fourth quarter; 1.5 for fiscal yearRESTON,…To view the full exhibit click here
About Science Applications International Corporation (NYSE:SAIC)
Science Applications International Corporation (SAIC) is a provider of technical, engineering and enterprise information technology (IT) services. The Company provides its services primarily to the United States Government, including the Department of Defense (DoD), the intelligence community and federal civilian agencies. The Company provides engineering, systems integration and information technology offerings for government projects, and offers a range of services with a targeted emphasis on higher-end, differentiated technology services. The Company’s offerings include engineering; technology and equipment platform integration; maintenance of ground and maritime systems; logistics; training and simulation; operation and program support services, and end-to-end services spanning the design, development, integration, deployment, management and operations, sustainment and security of its customers’ entire IT infrastructure.