Science Applications Intl Reported Q4 Net Bookings of $1.4B, Implying Book-to-Bill Ratio of 0.8
Portfolio Pulse from Benzinga Newsdesk
Science Applications Intl (SAIC) reported Q4 net bookings of $1.4B with a book-to-bill ratio of 0.8, and annual net bookings of $6.7B with a ratio of 0.9. The estimated backlog at the end of FY2024 is $22.8B, with $3.5B funded.
March 18, 2024 | 11:08 am
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SAIC reported Q4 net bookings of $1.4B and a book-to-bill ratio of 0.8, with an annual net booking of $6.7B and a ratio of 0.9. The FY2024 backlog is estimated at $22.8B, of which $3.5B is funded.
The reported net bookings and backlog indicate a strong order pipeline for SAIC, which is likely to positively influence investor sentiment and potentially the stock price in the short term. The book-to-bill ratio below 1 might raise concerns about future revenue growth, but the substantial backlog mitigates these concerns to an extent.
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