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SAIC Inc.

FY 2007 review

April 11, 2007: SAIC, Inc. (NYSE:SAI) reported this week a 10% growth in revenue for FY 2007 (ending January 2007) and 19% increase in operating income, compared to last year. Revenues for the year were $8.3 billion, up 7% from $7.8 billion in fiscal year 2006. The company's backlog of signed business orders at the end of fiscal year 2007 was over $15.1 billion.

For FY 2008 the company projects a slight increase to $8.70 - $9.00 billions in revenue, with cash flow from operations maintained at $450 millions.

more...

Company's revenue, diluted earnings per share, and cash flow from operations exceeded the top end of the guidance ranges provided by the company on its previous earnings release. "The growth initiatives and margin expansion plans we described during our recent initial public offering (IPO) are beginning to show results." Commented Chairman and CEO Said Ken Dahlberg.

SAIC provides scientific, engineering, systems integration and technical services and solutions to all branches of the U.S. military, agencies of the Department of Defense, the intelligence community, the U.S. Department of Homeland Security and other U.S. Government civil agencies, as well as to customers in selected commercial markets. The company has a workforce of more than 44,000 employees in over 150 cities worldwide.

In the past quarter SAIC completed two acquisitions – integrating Applied Marine Technology, Inc. (AMTI), strengthening SAIC's position in the field of Global War On Terrorism (GWOT). With 500 people experienced in training, system engineering, system prototyping and integration, AMTI specializes in special warfare, intelligence and homeland security. Another investment was made in the field of underwater and subterranean warfare, with the acquisition of AETC Inc., which has unique expertise in engineering, signal processing and development of acoustic, non-acoustic, radar, and electromagnetic remote sensing techniques and systems for underwater, underground, and above-ground applications.

 


 

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