Science Applications International Corporation (NYSE:SAIC) Q1 2021 Earnings Conference Call - Final Transcript

Jun 04, 2020 • 05:00 pm ET

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Science Applications International Corporation (NYSE:SAIC) Q1 2021 Earnings Conference Call - Final Transcript

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Presentation
Operator
Operator

Good afternoon and welcome to SAIC's Q1 Fiscal Year 2021 Earnings Call.

At this time, I would like to turn the conference call over to Shane Canestra, SAIC's Vice President of Investor Relations. Please go ahead sir.

Executive
Shane Canestra

Good afternoon and thank you for joining SAIC's first quarter fiscal year 2021 earnings call. My name is Shane Canestra, Vice President of Investor Relations. And joining me today to discuss our business and financial results are Nazzic Keene, SAIC's Chief Executive Officer; and Charlie Mathis, our Chief Financial Officer.

Today, we will discuss our results for the quarter ended May 1, 2020. This afternoon, we issued our earnings release, which can be found at investors.saic.com, where you will also find supplemental financial presentation slides to be utilized in conjunction with today's call. Both of these documents in addition to our Form 10-Q to be filed soon should be utilized in evaluating our results and outlook along with information provided on today's call.

Please note that we may make forward-looking statements on today's call that are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from statements made on this call. I refer you to our SEC filings for a discussion of these risks, including the risk factors section of our annual report on Form 10-K and quarterly reports on Form 10-Q. In addition, the statements represent our views as of today and subsequent events may cause our views to change. We may elect to update the forward-looking statements at some point in the future, but we specifically disclaim any obligation to do so. In addition, we will discuss non-GAAP financial measures and other metrics, which we believe provide useful information for investors, and both our press release and supplemental financial presentation slides include reconciliations to the most comparable GAAP measures.

It is now my pleasure to introduce our CEO, Nazzic Keene.

Executive
Nazzic S. Keene

Thank you, Shane and good afternoon. While, I'm pleased to discuss SAIC's first quarter results and outlook. I want to first take a moment to extend my hope that each of you and your loved ones are healthy, and managing through the disruptions in these unprecedented times. Each of us has been affected in some way and it is my sincere wish that you and your families are well. I intend to cover several items that I know are of interest to you, including the impact of COVID-19 on the business, an update on our completed acquisition of Unisys Federal and a significant contract win in our AMCOM portfolio.

Before discussing these items, let me touch briefly on our first quarter results, which included about seven weeks of Unisys Federal performance. Additionally, as our quarter ended on May 1, the quarter contains roughly the same seven weeks of COVID-19 impact, a larger timeframe than those of March quarter end. Charlie will provide more detailed information on the quarter and our outlook for the fiscal year. SAIC has started fiscal year 2021 on a very strong