SAIC: Unprofitable contracts give way to a targeted profitability strategy!
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Strict cost discipline and the separation from unprofitable project legacies shatter analyst estimates. Although revenue was only able to grow moderately, the strategic focus on higher-margin IT services generates significantly higher operating cash flow. The confirmed dividend of $0.37 is secured by the crisis-resistant U.S. government clientele, while two new board members sharpen the strategic capital allocation. U.S. Department of Defense secures 55% of core business The Science Applications International Corporation (SAIC) operates...
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