CACI Sees Revenue Climb; CEO Paul Cofoni Comments

CACI (NYSE: CACI) announced third quarter fiscal year 2011 revenue of $913.4 million, up more than 16 percent from the third quarter of fiscal year 2010.

The firm cited gains in growth areas like C4ISR as a major driver of the returns.

“We delivered a very strong quarter, exceeding our goal of mid- to high-single-digit organic revenue growth and producing outstanding earnings growth, ” CEO Paul Cofoni. “Our robust pipeline, high win rate, operational excellence, and margin improvement initiatives yielded our exceptional financial results. We completed our June 2010 share repurchase program. In addition, as part of our balanced capital allocation strategy, CACI’s Board of Directors recently approved a new $175 million share repurchase program.

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