SAIC Announces Financial Results for Q2 2011 (SAI)

SAIC, Inc. SAI today announced financial results for the second quarter of fiscal year 2011, which ended July 31, 2010. Summary Operating Results Revenues for the quarter were $2.79 billion, up 2 percent from $2.75 billion in the second quarter of fiscal year 2010. Internal revenue growth contracted 1 percentage point for the quarter. Operating income for the quarter was $273 million (9.8 percent of revenue), up 24 percent from $221 million (8.0 percent of revenue) in the second quarter of fiscal year 2010. Diluted earnings per share (EPS) from continuing operations for the quarter were $0.42, up 35 percent from $0.31 in the second quarter of fiscal year 2010.