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CACI Posts Record First Quarter Financial Results

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By Calvin Biesecker CACI International [CAI] on Wednesday posted record first quarter earnings and sales, driven by a broad range of its service offerings. Net income climbed 20 percent to $28.7 million, 92 cents earnings per share (EPS), from $23.9 million (78 cents EPS) a year ago, topping consensus estimates by a nickel. Free cash flow was $5 million. Sales increased 13 percent to $834 million from $739.5 million. Organic sales were up 11 percent on growth in C4ISR, logistics…

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