SAIC boosts annual revenues 8 percent
- March 31, 2010
SAIC reported an 8 percent increase in last year’s revenues primarily from growth in military logistics and health-care information technology and defense engineering and IT.
The company reported $10.8 billion in revenue for fiscal year 2010, compared with $10.1 billion the prior year. Profit rose 10 percent to $497 million.
During the fourth quarter, which ended Jan. 31, revenues increased 7 percent to $2.7 billion, compared with $2.5 billion during the same period a year ago.
The company reported new business bookings of $1.6 billion for the quarter and $9.5 billion for the year.
At the end of fiscal year 2010, the company had backlog business orders of $15.6 billion, of which $5.3 billion was funded. The total backlog for the year fell 6 percent compared to the previous year.