Exhibit 99.1
saicrilogorrgbsma02.jpg
SAIC Announces First Quarter of Fiscal Year 2020 Results
 
Revenues: $1.6 billion; 37% revenue growth
Diluted earnings per share: $0.92; Adjusted diluted earnings per share(1): $1.36
Adjusted EBITDA(1) as a % of revenues: 8.3%
Cash flows provided by operating activities: $178 million
Contract awards of $1.9 billion, including $300 million of single award IDIQ value; Net bookings of $1.4 billion
Repurchased 591 thousand shares for $44 million
RESTON, VA, June 6, 2019—Science Applications International Corporation (NYSE: SAIC), a leading technology integrator providing high-end solutions in engineering, IT, and mission solutions across the defense, space, civilian, and intelligence markets, today announced results for the first quarter ended May 3, 2019.
“SAIC is off to a strong start to fiscal year 2020, keeping our attention on strong operational performance while continuing the integration of Engility," said SAIC CEO-Elect, Nazzic Keene. "The transition of CEO responsibilities has gone smoothly while executing our business strategy to accelerate sustained profitable growth through our newly acquired capabilities, talent, and customer access."
First Quarter of Fiscal Year 2020: Summary Operating Results
 
Three Months Ended
 
May 3, 2019

 
Percent
change
 
May 4, 2018

 
(in millions, except per share amounts)
Revenues
$
1,615

 
37
 %
 
$
1,175

Operating income
93

 
41
 %
 
66

Operating income as a percentage of revenues
5.8
%
 
20
 bps
 
5.6
%
Adjusted operating income(1)
101

 
53
 %
 
66

Adjusted operating income as a percentage of revenues
6.3
%
 
70
 bps
 
5.6
%
Net income attributable to common stockholders
55

 
12
 %
 
49

EBITDA(1)
126

 
66
 %
 
76

EBITDA as a percentage of revenues
7.8
%
 
130
 bps
 
6.5
%
Adjusted EBITDA(1)
134

 
76
 %
 
76

Adjusted EBITDA as a percentage of revenues
8.3
%
 
180
 bps
 
6.5
%
Diluted earnings per share
$
0.92

 
(19
)%
 
$
1.13

Adjusted diluted earnings per share(1)
$
1.36

 
11
 %
 
$
1.23

Net cash provided by operating activities
$
178

 
102
 %
 
$
88

Free cash flow(1)
$
169

 
106
 %
 
$
82




(1)Non-GAAP measure, see Schedule 5 for information about this measure.


The following information was filed by Science Applications International Corp (SAIC) on Thursday, June 6, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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