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SAIC SAIC Announces Second Quarter of Fiscal Year 2022 Results September 2 , 2021 • Revenues increase to $ 1.8 billion ; 4.1 % total revenue growth , 3.8 % growth excluding acquired revenues • Diluted earnings per share increase to $ 1.41 ; Adjusted diluted earnings per share ( 1 ) increase to $ 1.97 • Net bookings of $ 1.6 billion ; Book - to - bill ratio of 0.9 for the second quarter ● Company raises revenue , adjusted EBITDA margin ( 1 ) and adjusted diluted EPS ( 1 ) guidance for fiscal year 2022 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 second quarter ended July 30 , 2021 . " SAIC took meaningful steps forward in the second quarter across many strategic , financial and operational areas . Our quarterly results reflect increased organic growth and a second straight quarter of record profitability , " said SAIC CEO Nazzic Keene . " We are proud of our accomplishments - while remaining ever vigilant in driving performance into the future . We added strategic components to the portfolio through the acquisitions of Halfaker and Associates and Koverse , increasing market access in health IT and artificial intelligence . " Second Quarter of Fiscal Year 2022 : Summary Operating Results July 30 , 2021 Three Months Ended Percent change July 31 , 2020 Revenues Operating income Operating income as a percentage of revenues $ 1,836 133 7.2 % 4 % 33 % Six Months Ended Percent change ( in millions , except per share amounts ) $ 1,764 $ 3,714 July 30 , 2021 July 31 , 2020 100 263 5 % 48 % $ 3,521 150 bps 5.7 % 7.1 % 200 bps 178 5.1 % Adjusted operating income ( 1 ) 147 28 % 115 287 30 % 221 Adjusted operating income as a percentage of revenues Net income attributable to common stockholders 8.0 % 150 bps 6.5 % 7.7 % 140 bps 6.3 % 82 61 % 51 163 87 % 87 EBITDA ( 1 ) 171 13 % 152 346 33 % 261 EBITDA as a percentage of revenues 9.3 % 70 bps 8.6 % 9.3 % 190 bps 7.4 % Adjusted EBITDA ( 1 ) Diluted earnings per share 185 11 % 167 369 21 % 304 Adjusted EBITDA as a percentage of revenues 10.1 % 60 bps 9.5 % 9.9 % 130 bps 8.6 % $ 1.41 62 % $ 0.87 $ 2.79 87 % Adjusted diluted earnings per share ( 1 ) $ 1.97 21 % $ 1.63 $ 3.92 31 % Net cash provided by operating activities $ 92 ( 12 ) % Free cash flow ( 1 ) $ 85 ( 6 ) % SASA . $ 104 $ 281 ( 40 ) % $ 90 $ 249 ― % SASASASA $ 1.49 $ 2.99 $ 471 $ 248 ( 1 ) Non - GAAP measure , see Schedule 5 for information about this measure . Second Quarter Summary Results Revenues for the quarter increased $ 72 million , or 4.1 % , compared to the same period in the prior year quarter primarily due to ramp up on new and existing contracts , net favorable changes in contract estimates , and the accelerated amortization on certain off - market liability contracts , partially offset by contract completions . Adjusting for the impact acquired revenues and divested revenues , revenues grew 3.8 % primarily due to net increases in program volume and new awards . We estimate the second quarter program impact from the COVID - 19 pandemic to be approximately $ 36 million , primarily driven by reduced volume in our supply chain business . Operating income as a percentage of revenues of 7.2 % , increased from 5.7 % in the comparable prior year period primarily due to improved profitability across our contract portfolio , net favorable changes in contract estimates , the accelerated amortization on certain off - market liability contracts , and decreased intangible amortization , partially offset by gains related to the resolution of certain legal and other program contract matters in the prior year .