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SAIC Inc. (SAI) filed Quarterly Report for the period ended 2011-10-31.
Saic has a market cap of $4.42 billion; its shares were traded at around $12.95 with a P/E ratio of 8.8 and P/S ratio of 0.4.
This is the annual revenues and earnings per share of SAI over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of SAI.
Highlight of Business Operations:
Defense Solutions revenues decreased by $98 million, or 8%, substantially all of which was internal revenue contraction, for the three months ended October 31, 2011 as compared to the same period in the prior year. This includes the portion of the CityTime loss provision recorded against revenues during the three months ended October 31, 2011 ($52 million) as described in Note 10 of the combined notes to the condensed consolidated financial statements. Internal revenue contraction was also attributable to reduced activity on our U.S. Army Brigade Combat Team Modernization contract as a result of the program’s termination ($47 million), completion of the CityTime workforce management systems development and implementation contract in the second quarter ($36 million), reduced activity on an infrastructure support services program for an agency of the DoD ($15 million), and various smaller declines on a number of programs throughout the segment. These declines were partially offset by increased activity on a systems and software maintenance/upgrade program for the U.S. Army ($37 million), the ramp up of a program to operate and maintain the enterprise network IT infrastructure for the U.S. Department of State ($32 million), increased activity on our systems integration and logistics programs for tactical and mine resistant ambush protected vehicles ($19 million) and one additional business day as compared to the same period in the prior year ($17 million).Defense Solutions revenues decreased by $145 million, or 4%, substantially all of which was attributable to internal revenue contraction, for the nine months ended October 31, 2011 as compared to the same period in the prior year. This includes the portion of the CityTime loss provision recorded against revenues during the nine months ended October 31, 2011 ($52 million) as described in Note 10 of the combined notes to the condensed consolidated financial statements. Internal revenue contraction was also attributable to reduced activity on our U.S. Army Brigade Combat Team Modernization contract as a result of the program’s termination ($78 million), completion of the CityTime workforce management systems development and implementation contract during the second quarter ($67 million), reduced activity on an infrastructure support services program for an agency of the DoD ($32 million), completion of a contract for the Defense Threat Reduction Agency ($28 million), and various smaller declines on a number of programs throughout the segment. These declines were partially offset by increased activity on a systems and software maintenance/upgrade program for the U.S. Army ($86 million), the ramp up of a program to operate and maintain the enterprise network IT infrastructure for the U.S. Department of State ($48 million) and increased activity in our systems integration and logistics programs for tactical and mine resistant ambush protected vehicles ($44 million).
Health, Energy and Civil Solutions revenues increased $40 million, or 6%, including internal revenue growth of 1%, for the three months ended October 31, 2011 as compared to the same period in the prior year. Internal revenue growth for the three months ended October 31, 2011 reflects increased deliveries of non-intrusive cargo inspection systems ($19 million), increased design-build volume related to geothermal power plant construction ($17 million), increases in healthcare IT consulting services ($15 million), increases in disaster recovery support services in response to recent natural disasters ($7 million), and one additional business day as compared to the same period in the prior year ($12 million). These increases were partially offset by reduced activity on certain U.S. federal civilian programs, including various programs in support of NASA ($14 million).
Health, Energy and Civil Solutions revenues decreased $1 million, including internal revenue contraction of 4%, for the nine months ended October 31, 2011 as compared to the same period in the prior year. Internal revenue contraction reflects a reduction in delivery of checked baggage explosive detection systems ($41 million) from a business acquired in August 2010 and reduced activity on certain U.S. federal civilian agency programs, including various programs in support of NASA ($31 million), and programs with the DoD ($15 million). These decreases were partially offset by increased volume on geothermal power plant construction ($39 million), increases in healthcare IT consulting services ($15 million) and expanded scope on new and existing programs with our DoD military health system customers ($25 million).
Intelligence and Cybersecurity Solutions revenues increased $98 million, or 4%, substantially all of which was internal revenue growth, for the nine months ended October 31, 2011 as compared to the same period in the prior year. Internal revenue growth was primarily attributable to increased activity on our airborne surveillance programs ($99 million) and existing intelligence analysis contracts ($24 million), increased material deliveries under an existing processing, exploitation and dissemination contract ($44 million), and an increase in cybersecurity program activity ($17 million). These increases were partially offset by a decline in revenues due to the conclusion of a forward operating base integrated security equipment supply contract ($21 million) and revenue decreases from reductions in scope on several existing intelligence analysis programs.
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