Science Applications International Corp's Q3 Net Bookings were $2.5B, Implying a Book-to-Bill Ratio of 1.3, Estimated Backlog was $23.1B
Portfolio Pulse from Benzinga Newsdesk
Science Applications International Corp (SAIC) reported net bookings of $2.5 billion, indicating a strong book-to-bill ratio of 1.3. The company's estimated backlog stands at $23.1 billion, suggesting a healthy pipeline of future revenue.
December 04, 2023 | 12:08 pm
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SAIC's reported net bookings of $2.5 billion and a book-to-bill ratio of 1.3, along with an estimated backlog of $23.1 billion, reflect potential for sustained revenue growth and financial stability.
The reported net bookings and book-to-bill ratio are key indicators of future revenue and business health. A ratio above 1 typically indicates more business is coming in than being billed, which is a positive sign for future earnings. The substantial backlog further supports the expectation of ongoing work and revenue, likely leading to a positive short-term impact on SAIC's stock price.
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