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CACI Opens New Fiscal Year With Strong Results

Cal Biesecker By
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CACI Opens New Fiscal Year With Strong Results
CACI President and CEO Ken Asbury

CACI International [CACI] on Wednesday afternoon reported a strong first quarter with higher earnings and sales and the company raised its earnings guidance for the rest of the year.Net income soared 88 percent to a record $78.8 million, $3.10 earnings per share (EPS), from $42 million ($1.67 EPS) a year ago, topping consensus estimates by $1.06 EPS. The strong earnings were driven by a lower tax rate, higher sales, strong operating performance and cost controls.Operating margin in the quarter was…

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