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CACI Reports Record Sales, Orders In Fourth Quarter As Income Dips

Cal Biesecker By
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CACI Reports Record Sales, Orders In Fourth Quarter As Income Dips
CACI President and CEO John Mengucci. Photo: CACI

CACI International [CACI] on Wednesday posted mixed financial results in its fourth quarter driven by record sales and bookings although earnings fell due to a number of investments and an accounting change. Net income dropped nearly 4 percent to $50 million, $1.96 earnings per share, from $51.8 million ($2.05 EPS) a year ago, missing consensus estimates by 17 cents per a share. The bottom line was down primarily due to $13 million in one-time investments in the quarter on information…

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