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CACI Releases Quarterly Financial Results; CEO Paul Cofoni Comments

CACI International (NYSE: CACI) released its fourth quarter fiscal year 2011 financial results on Aug. 18.

CACI reported its diluted earnings per share rose 49.3 percent year-over-year to $1.44 from $0.96.

Fourth quarter net income was $45.9 million, a 53.5 percent increase over $29.9 million in the 2010 period.

The company’s revenue jumped 13.5 percent over that period to $963.2 million from $848.7 million. This was the fourth consecutive quarter CACI reported record revenues. 2011 revenue of $3.1 billion was also a record.

Paul Cofoni, CACI

“Our strong performance results are directly attributable to our growth strategy to pursue high-priority, well-funded markets; our operational excellence; our success in capitalizing on opportunities in emerging markets; and our ability to compete for and win new business, ” said Paul Cofoni, CACI president and CEO.

“We believe the government is committed to achieving a balanced deficit reduction that will not put national security at risk, and we continue to see growth opportunities and funding in our strategic focus areas of defense, intelligence, homeland security, cybersecurity, and IT modernization and transformation of government.”

 

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