Crediting strong operational, CACI International [CACI] on Wednesday raised its earnings guidance for its fiscal year that ended yesterday, adding that it will post a double-digit gain in earnings for the year.

CACI now expects earning to be between $133 million, $4.25 earnings per share (EPS), and $138 million ($4.40 EPS), a 2 percent increase from prior guidance of between $130 million ($4.15 EPS) and $135 million ($4.30 EPS) for its FY ’11. Sales are still pegged at between $3.5 billion and $3.6 billion for the fiscal year although the company trimmed the high end of expectations by $30 million.

“This will be the third consecutive year CACI has delivered on our financial goals of mid- to high single digit organic revenue growth and double-digit earnings growth,” Paul Cofoni, CACI’s president and CEO, said in a statement. He said the strong results are due to executing the company’s growth strategy in the areas of defense, intelligence, homeland security, cyber security, and information technology modernization and transformation of government.

CACI also issued its FY ’12 financial guidance, projecting net income between $144 million ($4.60 EPS) and $150 million ($4.80 EPS), and increase of 6 to 11 percent above the mid-point of the FY ’11 expectations. Sales are expected to be between $3.8 billion and $4 billion, also an increase of 6 to 11 percent above the mid-point of FY ’11 guidance.

The FY ’12 guidance excludes the impact of future acquisitions, including the pending purchase of Pangia Technologies. CACI cautioned that two acquisitions it made in FY ’10 still have earn-out provisions totaling $38 million if financial performance metrics are met. Currently CACI expects the earn-outs to total $25 million, which is baked into the updated FY ’11 guidance. A change one way or another in the earn-out liability will impact operating income positively or negatively, CACI said.