Shares in IT government contractors Booz Allen, Gartner tumbled after Secretary of Defense Pete Hegseth said the Pentagon was canceling $580 million in contracts. But Palantir stock rose.
Shares of government IT services provider Science Applications International Corporation (NASDAQ:SAIC) jumped 11.7% in the morning session after the company reported impressive fourth quarter 2024 (fiscal 2025) results, which blew past analysts' sales and earnings estimates.
Science Applications International Corp (NASDAQ: SAIC) posted a 6% year-on-year sales growth to $1.84 billion, surpassing analyst expectations of $1.81 billion. Adjusted EPS of $2.57 also beat the consensus of $2.08. The company's operating income surged 75%, with a 300 basis point improvement in operating margin.
Government IT services provider Science Applications International Corporation (NASDAQ:SAIC) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 5.8% year on year to $1.84 billion. The company expects the full year’s revenue to be around $7.68 billion, close to analysts’ estimates. Its non-GAAP profit of $2.57 per share was 23.2% above analysts’ consensus estimates.
Let’s dig into the relative performance of Jacobs Solutions (NYSE:J) and its peers as we unravel the now-completed Q3 professional services earnings season.
Government IT services provider Science Applications International Corporation (NASDAQ:SAIC) will be reporting results tomorrow before the bell. Here’s what investors should know.
