: Science Applications gets $1.3 billion contract to provide cloud services

Shares of Science Applications International Corp. SAIC rose after hours on Thursday after the tech-focused government contractor said it won a seven-year, $1.3 billion contract to provide cloud services to the U.S. Treasury Department. The cloud platform being provided, called T-Cloud, will cover an array of professional services and technical and security support, the company said, and will allow for a “flexible and cost-effective approach to utilizing and consuming data in the cloud.” Science Applications said the T-Cloud platform would help the Treasury Department’s “transformation of a multi-cloud environment by centralizing management of the systems infrastructure, platform and software-as-a-service by a single broker.” Shares were up 0.8% after hours.

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