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CACI’s Fourth Quarter Sales, Income Up On Acquisition

Cal Biesecker By
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CACI’s Fourth Quarter Sales, Income Up On Acquisition
CACI President and CEO Ken Asbury

CACI International [CACI] on Wednesday posted higher sales and earnings in its fourth quarter due its acquisition earlier this year of L-3 Communications’ [LLL] government services segment coupled with a lower tax rate and the company reiterated its guidance for fiscal year 2017.Net income rose 5 percent to $43.6 million, $1.75 earnings per share (EPS), in the quarter versus $41.4 million ($1.68 EPS) a year ago,  with the acquisition of L-3’s former National Security Solutions (NSS) business the primary contributor…

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