Financial Reports

Science Applications International Corporation (SAIC) has announced results for the third quarter ended October 30, 2020. SAIC has estimated that the third quarter program impact from the COVID-19 pandemic to be approximately $60 million of revenue and $9 million of adjusted EBITDA. The impacts were driven by reduced volume in SAIC’s supply chain business, lower FAA training service revenues,and uncertain profit recovery on ready-state labor. 

VMware has announced financial results for the third quarter of fiscal 2021, reporting revenue for the third quarter of $2.86 billion, an increase of eight percent from the third quarter of fiscal 2020. The combination of subscription and SaaS and license revenue was $1.32 billion, an increase of ten percent from the third quarter of fiscal 2020.

Maximus has reported financial results for the fourth quarter and full year, which ended Sept. 30, 2020. for fiscal 2020, revenue increased to $3.46 billion compared to $2.89 billion reported for the same period last year. Maximus reported organic growth of 15.7 percent in fiscal 2020, or 4.6 percent excluding the Census contract. 

Maxar Technologies has reported financial results for the third quarter, which ended Sept. 30th, noting total revenues increased to $436 million from $413 million from the same period of 2019. The increase was primarily driven by an increase in the Space Infrastructure segment which was partially offset by a decrease in the Earth Intelligence segment.

PAE has announced third quarter 2020 financial and operating results, reporting revenues of $666.2 million, decreased $31.5 million. The decrease was attributable to a $53.3 million impact from COVID-19. "We are delivering strong financial results and achieving our growth, profitability and capital structure initiatives in accordance with our strategy,” said John Heller, president and CEO of PAE, and 2020 Wash100 Award recipient. 

Parsons Corporation has reported financial results for the third quarter ended September 30, 2020, noting that the total revenue decreased by $19 million, or two percent, from the prior year period, to $1 billion. “We delivered strong third quarter results with record adjusted EBITDA and generated outstanding cash flow,” said Chuck Harrington, chairman and CEO of Parsons, and 2020 Wash100 awardee.

Leidos Holdings has published financial results for the third quarter of fiscal year 2020, reporting revenues of $3.24 billion, compared to $2.84 billion in the prior year quarter. The company’s revenues for the quarter included $302 million and $74 million related to the acquisitions of Dynetics, Inc. and L3Harris Technologies' security detection and automation (SD&A) businesses, respectively.

Iridium has announced financial results for the third quarter of 2020, reporting that  net loss was $4.0 million, as compared to net loss of $18.0 million for the third quarter of 2019, which is attributable to the lower net interest expenses related to the refinancing of Iridium's credit facility and high-yield notes from the year ago period.  

NASA has published the results of its agency wide economic impact report, showing that the agency has generated more than $64.3 billion in total economic output during fiscal year 2019, supported more than 312,000 jobs nationwide and generated an estimated $7 billion in federal, state, and local taxes throughout the nation. 

VMware has announced financial results for the second quarter of fiscal 2021, reporting revenue for the second quarter as $2.88 billion, an increase of 9 percent from the second quarter of fiscal 2020. VMware announced that the combination of subscription and SaaS and license revenue was $1.35 billion, an increase of 11 percent from the second quarter of fiscal 2020.