2023-06-05 07:03:35 ET
- Science Applications press release ( NYSE: SAIC ): Q1 Non-GAAP EPS of $2.14 beats by $0.33 .
- Revenue of $2.03B (+2.0% Y/Y) beats by $70M .
- Revenues for the quarter increased $32 million or 2% compared to the same period in the prior year primarily due to ramp up on existing and new contracts, partially offset by contract completions and $37 million due to the deconsolidation of the Forfeiture Support Associates J.V. ( FSA ).
- Net bookings of $2.1 billion resulting in a book-to-bill of 1.1x in the quarter
- FY24 Guidance:
- Revenue of $7.125B-$7.225B from prior guidance of $7.05B-$7.20B.
- Adjusted Diluted EPS of $7.00-$7.20 from prior guidance of $6.80-$7.00
For further details see:
Science Applications Non-GAAP EPS of $2.14 beats by $0.33, revenue of $2.03B beats by $70M