SAIC FY Q2 Meets Estimates

SAIC (SAI) this afternoon posted results for its fiscal second quarter ended July 31 which matched Street expectations. The company posted Q2 revenue of $2.75 billion, a hair ahead of the consensus at $2.72 billion. EPS from continuing operations were 31 cents, a penny ahead of the Street.

The tech consulting company, which serves the Defense Department, intelligence agencies and various other government and commercial clients, said it expects to achieve all of its long-term financial goals in FY 2010, including internal revenue growth of 6%-9%, operating margin improvement of 20-30 basis points and EPS growth of 11%-18%.

In the regular session, SAIC slipped 12 cents, or 0.7%, to $18.08.