CACI International 4Q Profit Rises 23%, Tops Views
CACI International 4Q Profit Rises 23%, Tops Views
Last Update: 8/12/2009 4:25:11 PM
Analysts surveyed: 15
Thomson Reuters EPS estimates can reflect either net income, operating income or
funds from operations.
The company's earnings figure is on a diluted basis. Thomson Reuters assumes
earnings estimates from analysts are on a diluted basis.
DOW JONES NEWSWIRES
CACI International Inc.'s (CACI) fiscal fourth-quarter profit rose a
greater-than-expected 23% as the contractor benefited from increased government
spending on security and information technology.
Government contracts have insulated CACI's business from the effects of the
recession. In June, the company raised its fiscal 2009 guidance, citing strong
U.S. performance and a better-than-expected performance in U.K. operations.
For the quarter ended June 30, CACI reported a profit of $29 million, or 95 cents
a share, up from $23.5 million, or 77 cents a share, a year earlier. Revenue rose
11% to $728.9 million.
Analysts' estimates were for earnings of 92 cents on revenue of $703 million,
according to a poll by Thomson Reuters.
Operating margin rose to 7.2% from 7.1%.
Orders rose 21%, while total backlog grew 11% from a year earlier to $7.8
billion.
Shares of CACI, which also reiterated its forecast for the new fiscal year,
closed at $47.36 and were inactive after-hours. The stock is down just 2.7% the
past year.
-By Kathy Shwiff and Jay Miller, Dow Jones Newswires; 212-416-2357;
Kathy.Shwiff@dowjones.com
(END) Dow Jones Newswires
August 12, 2009 16:25 ET (20:25 GMT)