SAIC Announces Financial Results for Q2 2011 (SAI)

SAIC, Inc. (NYSE: 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.