SAIC Beats on Q4 EPS, Declares Special Dividend

SAIC's (NYSE: SAI  ) results are in Q4 and fiscal 2012, and the numbers reveal a strong quarter. For Q4, revenue totaled $2.7 million, up from the $2.5 billion in the same period the previous year. The technology company swung to a net profit, at $186 million ($0.54 per diluted share) from Q4 2011's bottom-line loss of just under $161 million ($0.49).

Analysts had been expecting revenue of $2.7 billion and EPS of $0.51 for this most recent quarter.

For the full year, the top line was $11.2 billion, a 6% increase over the 2011 figure of $10.5 million. Net profit was significantly higher, at $525 million ($1.54 per diluted share) for the year versus 2011's $59 million ($0.18).

SAIC proffered guidance for its current fiscal year. The company believes it will post $10.0 billion to $10.7 billion in revenue, and diluted EPS of $1.16 to $1.33.

The company also declared a special dividend. It will hand out $1.00 per share on June 28 to shareholders of record as of June 14. This payout will be in addition to a regular quarterly payout of $0.12. The dates of the disbursement are April 30 and April 15, respectively.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2333285, ~/Articles/ArticleHandler.aspx, 9/21/2014 8:23:08 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement