SAIC - Science Applications International shares up after Q3 earnings beat

Science Applications International ([[SAIC]] +2.4%) reports Q3 revenue growth of 12% to $1.81B, misses estimates by $10M.Net bookings of $5B equating to a record book to bill of 2.7, $11.2B YTD, book to bill of 2.1.Adjusted EBITDA was 9% of revenues, from 8.3% of revenues in the prior year quarter.Cash flows provided by operating activities was $231M and $502M YTD.Operating income as a percentage of revenues of 6.1%, increased from 5.8% prior.Company estimates Q3 impact from the COVID-19 pandemic to be ~$60M of revenue and $9M of adjusted EBITDA.Q3 Non-GAAP EPS of $1.62 beats by $0.09; GAAP EPS of $1.02 beats by $0.03.Quarterly dividend info here.Fiscal year 2021 guidance:"SAIC’s third quarter results reflect strong financial performance and momentum with the second straight quarter of highest book-to-bill and backlog in our seven-year history. We have also taken strategic, organizational, and leadership steps recently that are foundational to the long-term success of SAIC. We are making great progress

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Science Applications International shares up after Q3 earnings beat