SAIC FY Q4 Revs, EPS Top Ests; FY 2010 Guidance Beats

SAIC (SAI), which provides engineering, technology and scientific services to the federal government and other clients, today posted better than expected results for its fiscal fourth quarter ended January 31.

For the quarter, SAIC posted revenue of $2.52 billion and diluted EPS from continuing operations of 30 cents a share; the Street had expected $2.49 billion and 29 cents. Revenue was up 8% from a year ago.

For FY 2010, the company sees revenue up 6%-9% from the $10.07 billion posted for the January 2009 fiscal year; that implies $10.7 billion to $11 billion, which compares to the Street consensus at $10.8 billion. SAIC sees profits for the year up 11%-18%, which implies $1.22 to $1.30 a share, up from $1.10 in FY 2009, and above the Street at $1.21.

SAIC, which rose 29 cents, or 1.7%, to $17.69 in the regular session, is up another 76 cents, or 4.3%, to $18.45 in late trading.