CACI Reports 23% Quarterly Profit Increase

CACI International has reported a 23 percent rise in quarterly profits over last year, due to rising revenues and lower tax rates.  Profits increased to nearly $29 million, or 95 cents a diluted share, for the fourth quarter ending June 30, from $23.5 million net profit (77 cents a share) a year earlier.  CACI exceeded analysts’ expectations of 92 cents a share.  Quarterly revenue increased 11 percent to $728.9 million.  CACI still expects a per-share profit of between $3.20 to $3.40 a share for fiscal ’10, ending next summer, in line with analysts’ expectations of $3.34 a share.

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