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No Slowing CACI As Firm Reports Strong Fourth Quarter And Year

Defense Daily Staff Defense Daily Staff
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CACI International [CACI] on Wednesday posted a strong fourth quarter driven by solid double-digit revenue growth and soaring net income, results that matched its fiscal year 2011. Net income increased 54 percent in the quarter to $45.9 million, $1.44 earnings per share (EPS), versus $29.9 million (96 cents EPS) a year ago, soundly topping consensus estimates of $1.17 EPS. CACI did benefit from not having to pay earn outs on two acquisitions completed in FY ’10, which boosted operating income…

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