Tag Archives: third quarter

SAIC Reports Q3 FY 2021 Financial Results; Nazzic Keene Quoted

Nazzic Keene

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. 

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VMware Reports Q3 FY 2021 Results; Pat Gelsinger Quoted

Pat Gelsinger

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.

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Maxar Technologies Reports Q3 2020 Financial Results; Dan Jablonsky Quoted

Dan Jablonsky

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.

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Parsons Reports Q3 Financial Results; Chuck Harrington Quoted

Chuck Harrington

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.

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Leidos Reports Third Quarter FY2020 Results; Roger Krone Quoted

Roger Krone

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.

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Iridium Reports Third Quarter 2020 Results; Matt Desch Quoted

Matt Desch

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.  

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