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.

Check Also

US Air Force

Air Force Selects Boeing, Lockheed, Raytheon Technologies for Hypersonic Cruise Missile Tech Design Program

The U.S. Air Force has indicated its intent to solicit design proposals from Boeing (NYSE: BA), Lockheed Martin (NYSE: LMT) and Raytheon Technologies (NYSE: RTX) for a hypersonic cruise missile technology that can be launched from a fighter or a bomber aircraft.

SRI International

SRI International Books $100M NIH Contract for Medical Countermeasure R&D Services

SRI International has secured a potential seven-year, $100M contract to help a National Institutes of Health component develop methods to medical conditions caused by direct exposure or contamination from radioactive materials.