Shares of Science Applications International (SAIC) surged to an all-time high on Monday following the announcement of their third-quarter results and an upward revision of their full-year revenue forecast. Despite reporting a slight decline of 1% in third-quarter revenue, SAIC exceeded analysts’ expectations of $1.79 billion by generating $1.9 billion, according to FactSet. Science Applications International (SAIC) is an information-technology services company that specializes in providing technical and engineering services to large government projects. Science Applications International reported third-quarter revenue of $1.9 billion, showcasing growth despite a 1% decline compared to the previous year. Shares of Science Applications International have risen by 15% since the start of the year, reaching an all-time high after the announcement of their third-quarter results and raised revenue forecast.

Source: Wall Street Journal December 05, 2023 07:43 UTC