SAIC - SAIC Raises 2024 Outlook Despite Revenue Dip: What You Need to Know? | Benzinga
Science Applications International Corp (NYSE: SAIC) reported a 3% revenue decline Y/Y in Q2 FY24 to $1.78 billion, beating the consensus of $1.69 billion.
The sale of the logistics and supply chain management business, the deconsolidation of the Forfeiture Support Associates J.V. (FSA), and contract completions mainly led to the decline.
Adjusting for the impact of the divestiture of the Supply Chain Business and the deconsolidation of FSA, revenues grew 8.3%.
Adjusted EPS of $2.05 beat ...