SAIC - Science Applications Non-GAAP EPS of $2.04 beats by $0.39 revenue of $1.97B beats by $110M

2023-04-03 07:02:36 ET

• Science Applications press release ( NYSE: SAIC ): Q4 Non-GAAP EPS of $2.04 beats by $0.39 .
• Revenue of $1.97B (+10.7% Y/Y) beats by $110M .
• Midpoint of fiscal year 2024 guidance reflects ~3% pro-forma organic revenue growth, 50 bps of adjusted EBITDA margin expansion, and 10% pro-forma free cash flow growth compared to fiscal year 2023

• Net bookings for the quarter were approximately $1.3 billion, which reflects a book-to-bill ratio of approximately 0.7. Net bookings for the year were approximately $7.4 billion, which reflects a book-to-bill ratio of approximately 1.0.

• SAIC’s estimated backlog at the end of fiscal year 2023 was approximately $23.8 billion of which $3.6 billion was funded.

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