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Leidos Holdings, Inc Reports Second Quarter Fiscal Year 2021 Results
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RESTON, Va., May 4, 2021 /PRNewswire/ Leidos Holdings, Inc. (NYSE: LDOS), a FORTUNE 500
® science and technology leader, today reported financial results for the first quarter of fiscal year 2021.
Roger Krone, Leidos Chairman and Chief Executive Officer, commented: First quarter results reflect the perseverance, focus and tremendous execution of our employees and business partners. New quarterly record levels of revenue, non-GAAP EPS and backlog were achieved, and significant organic growth was delivered across all business segments. This early momentum favorably positions Leidos to deliver on our full year financial commitments.
Summary Results
Revenues for the quarter were $3.32 billion, compared to $2.89 billion in the prior year quarter, reflecting a 14.7% increase. Excluding our revenue growth from our acquisitions of $168 million for Dynetics, Inc. ( Dynetics ), L3Harris Technologies security detection and automation businesses (the SD&A Bus