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Paul Cofoni on CACI’s FY 2011 Guidance

CACI (NYSE: CACI) released the following statement regarding the firm’s 2011 guidance: “For FY11, we expect revenue to range from $3.25 billion to $3.40 billion, an increase of 5 to 10 percent above the midpoint of FY10 revenue guidance. We expect net income to range from $116 million to $122 million, an increase of 10 to 15 percent above the midpoint of FY10 net income guidance. We expect that diluted earnings per share (EPS) will be between $3.70 and $3.90, an increase of 8 to 13 percent above the midpoint of FY10 diluted EPS guidance. FY11 guidance does not include any impacts from future acquisitions or share repurchases.”

“Our FY11 annual guidance reflects our strong confidence in our growth strategy to provide mission-critical services in well-funded areas to support national security priorities, ” said Paul Cofoni, president and CEO. We expect to build on our competitive advantages, leverage the innovation in our core competencies, and capitalize on attractive opportunities in existing, adjacent, and new markets, organically and through acquisitions. We expect the continuing asymmetric threats to our national security will drive the strong demand for our distinctive services.”

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