The Insider

SAIC reports slight increases to sales, profit

December 7, 2017 at 6:04 PM

Science Applications International Corp. said today sales in its most recent quarter reached $1.1 billion, up 3 percent from the same three-month period a year earlier.

The contractor reported quarterly profit of $43 million, up 2 percent from the prior year.

Nazzic Keene, SAIC's chief operating officer, said in a call with analysts today the company has eliminated about 70 jobs, partly through a voluntary retirement package 190396 offered to about 100 senior managers as well as through some involuntary cuts.

She said that effort, along with other steps, will reduce SAIC's annual operating costs by $20 million.