SAIC - Science Applications EPS beats by $0.40 beats on revenue

Science Applications (SAIC): Q1 Non-GAAP EPS of $1.94 beats by $0.40; GAAP EPS of $1.38 beats by $0.34.Revenue of $1.88B (+6.8% Y/Y) beats by $70M.Net bookings of $4.2 billion; Book-to-bill ratio of 2.2 for the first quarter.Entered into an agreement to acquire Halfaker and Associates, LLC, for $250 million.Revised 2022 Guidance: Revenue increased from $7.1 billion - $7.3 billion to $7.15 billion - $7.30 billion; Adjusted EBITDA Margin increased from 8.6% to 8.8% to 8.7% to 8.8%; Adjusted Diluted EPS from $6.00 - $6.25 to $6.15 - $6.40; Free Cash Flow from $430 million to $470 million to $430 million to $470 million.Press Release

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Science Applications EPS beats by $0.40, beats on revenue