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CACI Opens Fiscal Year With Strong First Quarter

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CACI International [CAI] posted strong first quarter sales and earnings and announced record orders. Net income increased 15 percent to $21 million, 69 cents earnings per share (EPS), from $18.3 million (60 cents EPS) a year ago. Sales were up 18 percent to $654.8 million from $553.6 million, with nearly 11 percent of the gain organic. Funded backlog stood at $1.7 billion. CACI experienced growth in its business for the Defense Department and federal civilian agencies with the defense sales…

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