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Business/Financial

CACI Posts Strong Third Quarter Despite COVID-19 Dent

By Cal Biesecker

Thursday, April 30th, 2020

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CACI Posts Strong Third Quarter Despite COVID-19 Dent

CACI President and CEO John Mengucci. Photo: CACI

CACI International [CACI] on Wednesday posted strong third quarter financial results with double-digit percent gains in sales and earnings despite some hits from the ongoing pandemic. Net income increased 18 percent to $80.6 million, $3.16 earnings per share (EPS), from $68.1 million ($2.69 EPS) a year ago, beating consensus estimates by 17 cents per share. The increase in net income was driven by higher sales and operating profit, officials said on the company’s earnings call Thursday morning. Sales increased 16…

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