SAIC (NYSE:SAIC) sees 2% revenue boost in Q2 fiscal 2025
Full story: https://grafa.com/news/united-states-saic--nyse-saic--sees-2--revenue-boost-in-q2-fiscal-2025-271188
Science Applications International Corporation (NYSE:SAIC) has disclosed its financial outcomes for the second quarter of fiscal year 2025, demonstrating steady growth amidst challenging market conditions.
The defense contractor reported revenues of $1.82 billion, marking a 2% increase in organic growth.
The company's net income was recorded at $81 million, with an adjusted EBITDA of $170 million, representing 9.4% of total revenues.
Additionally, the company's diluted earnings per share (EPS) came in at $1.58, a noticeable dip from the previous year's $4.56.
During the quarter, SAIC achieved net bookings of $1.2 billion, leading to a book-to-bill ratio of 0.6.
Over the trailing twelve months, the ratio stood firm at 1.1, indicative of robust contract acquisition and execution.
Meanwhile, operational efficiency was evident as the company generated $138 million in cash flows from operating activities, coupled with a significant free cash flow of $241 million.
Looking ahead, SAIC has raised its adjusted diluted EPS forecast for fiscal year 2025 to range between $8.10 and $8.30.
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