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SAIC SAIC Announces First Quarter of Fiscal Year 2022 Results June 3 , 2021 • Revenues increase to $ 1.9 billion ; ~ 7 % total revenue growth , 2.6 % growth excluding acquired revenues • Diluted earnings per share increase to $ 1.38 ; Adjusted diluted earnings per share ( 1 ) increase to $ 1.94 • Net bookings of $ 4.2 billion ; Book - to - bill ratio of 2.2 for the first quarter • Company increases lower end of revenue and adjusted EBITDA margin ( 1 ) and raises adjusted diluted EPS ( 1 ) guidance for fiscal year 2022 • Entered into an agreement to acquire Halfaker and Associates , LLC , for $ 250 million RESTON , Va .-- ( BUSINESS WIRE ) -- Science Applications International Corporation ( NYSE : SAIC ) , a premier Fortune 500Ⓡ technology integrator driving our nation's digital transformation across the defense , space , civilian , and intelligence markets , today announced results for the first quarter ended April 30 , 2021 . " SAIC's first quarter results are a strong start to fiscal year 2022. Our team produced great business development results and generated higher revenues and earnings , " said SAIC CEO Nazzic Keene . " The announcement today of our intent to acquire Halfaker and Associates expands our presence in public sector health and enhances our digital transformation capabilities . We are optimistic about the future due to a well - defined and focused strategy , strong financial performance , and what we all hope are the waning days of the pandemic . Bring on Tomorrow . " First Quarter of Fiscal Year 2022 : Summary Operating Results Revenues Operating income Operating income as a percentage of revenues Adjusted operating income ( 1 ) Adjusted operating income as a percentage of revenues Net income attributable to common stockholders EBITDA ( 1 ) EBITDA as a percentage of revenues Adjusted EBITDA ( 1 ) Adjusted EBITDA as a percentage of revenues Diluted earnings per share Adjusted diluted earnings per share ( 1 ) Net cash provided by operating activities Free cash flow ( 1 ) ( 1 ) Non - GAAP measure , see Schedule 5 for information about this measure . First Quarter Summary Results April 30 , 2021 Three Months Ended Percent change May 1 , 2020 $ 1,878 ( in millions , except per share amounts ) $ 1,757 130 6.9 % 7 % 67 % 250bps 78 4.4 % 140 32 % 106 7.5 % 150bps 6.0 % 81 125 % 36 175 61 % 109 9.3 % 310bps 6.2 % 184 34 % 137 9.8 % $ 1.38 $ 1.94 200bps 123 % 41 % 7.8 % $ 0.62 $ 1.38 $ 189 ( 49 ) % $ 367 $ 164 4 % $ 158 Revenues for the quarter increased $ 121 million , or 6.9 % , compared to the prior year quarter due to the acquisition of Unisys Federal ( which occurred in the middle of the first quarter of the prior year period ) , increased volume on existing programs , and revenue on new contracts primarily supporting the U.S. Air Force , partially offset by the completion of certain contracts . Adjusting for the impact of acquired revenues and divested revenues , revenues grew 2.6 % primarily due to net increases in program volume and new awards . We estimate the first quarter program impact from the COVID - 19 pandemic to be approximately $ 33 million of revenue , primarily driven by reduced volume in our supply chain business , lower FAA training service revenues , and uncertain profit recovery on ready - state labor .