SAIC Beats on Q4 EPS, Declares Special Dividend
SAIC's results are in Q4 and fiscal 2012, and the numbers reveal a strong quarter. For Q4, revenue totaled $2.7 million, up from the $2.5 billion in the same period the previous year. The technology company swung to a net profit, at $186 million ($0.54 per diluted share) from Q4 2011's bottom-line loss of just under $161 million ($0.49).
Analysts had been expecting revenue of $2.7 billion and EPS of $0.51 for this most recent quarter.
For the full year, the top line was $11.2 billion, a 6% increase over the 2011 figure of $10.5 million. Net profit was significantly higher, at $525 million ($1.54 per diluted share) for the year versus 2011's $59 million ($0.18).
SAIC proffered guidance for its current fiscal year. The company believes it will post $10.0 billion to $10.7 billion in revenue, and diluted EPS of $1.16 to $1.33.
The company also declared a special dividend. It will hand out $1.00 per share on June 28 to shareholders of record as of June 14. This payout will be in addition to a regular quarterly payout of $0.12. The dates of the disbursement are April 30 and April 15, respectively.
The article SAIC Beats on Q4 EPS, Declares Special Dividend originally appeared on Fool.com.Fool contributor Eric Volkman and The Motley Fool have no position in SAIC. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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