CACI announced a record net income increase for the first quarter of the 2010 Fiscal year. CACI recorded a 21.8 percent increase to $23.9 million.
The increase is due in part to significant organic growth, accounting for 11.8 percent. CACI’s intelligence and defense sections were among the highest earners. Paul Cofoni, President and CEO, said “Our organic growth occurred across all of our service offerings, validating our continued strategic focus on developing and delivering high-quality solutions for our customers in high priority areas that continue to be well-funded.” He also highlighted that CACI’s expansion into markets within the United Kingdom have helped increase growth as well. CACI experienced an increase in the amount of contract awards, reaching $1.04 billion, an increase of 10.5 percent. Mr. Cofoni said that CACI would continue to focus on providing top quality service in the same critical areas.