SAIC Posts 29% Gain for Q4 2020; Nazzic Keene Quoted

Nazzic Keene
Nazzic Keene

TYSONS CORNER, VA, April 17, 2020 — Science Applications International Corp. (NYSE: SAIC) posted a $348M revenue increase, or 29 percent, for the fourth quarter of its 2020 fiscal year, ExecutiveGov reported March 27.

The company said March 26 its Q4 and annual revenues hit $1.5B and $6.4B, respectively, mainly driven by the Engility acquisition that concluded in January last year.

SAIC also closed its $1.2B cash purchase of Unisys’ (NYSE: UIS) federal business last month.

Nazzic Keene, SAIC CEO and a 2020 Wash100 winner, said the company aims to solidify its position in the information technology services market with the addition of the Unisys Federal business.

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