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CACI Reports 40% Contract Award Increase for Full Year; Dan Allen Comments

Dan Allen

CACI International Inc. (NYSE: CACI) has announced financial results its fourth fiscal quarter and full fiscal year 2012 ended June 30, 2012.

The Arlington, Va.-based professional services contractor reported a 40.8 percent increase in contract awards for the full year compared to fiscal 2011.

For the quarter, the company reported a 69.5 percent year-over-year increase in awards.

“Market conditions remain challenging, and budget uncertainty is affecting our clients, but our forward indicators remain strong thanks to our record awards and funding orders in fiscal 2012,” CEO Dan Allen said in the release.

Allen succeeded Paul Cofoni as CEO as of July 1, with Cofoni serving as chief adviser to Executive Chairman Jack London until his Dec. 1 retirement.

During the full year, the company won $4.48 billion in contract awards and $3.9 billion in contract funding orders.

For the fourth quarter, contract awards totaled $932 million and contract funding added up to $901 million.

Contract wins during the previous quarter included:

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