The privately owned firm, which recently announced further delays relating to its long-awaited $1.73bn initial public offering, said sales for the quarter ended July 31 slowed due to federal funding delays. Revenue came in at $2.1bn, up 5% from $2.0bn for the same period last year, while operating margins inched up to 7.6% from 7.4%.
Our view of the long-term market outlook remains strong given our focus on national priority missions. We have increased our investments in business development, and have a growing amount of both submitted proposals awaiting decision and new contract opportunities in the pipeline, SAIC chairman and CEO Ken Dahlberg said in a statement.
