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CACI Reports 88% Increase in 2Q Contract Awards; Profit Up 23%

Paul Cofoni, CACI

CACI International Inc. (NYSE: CACI) has released financial results for the second quarter of its 2012 fiscal year ended Dec. 30, 2011.

CACI reported that it generated a record $973.2 million in quarterly revenue, a 12.2 percent increase over the $867.3 million it reported for the second quarter of 2011.

Operating income increased 25.7 percent to $74.7 million and net income rose 23.5 percent to $41.1 million over that period.

CACI won nearly $962 million in contract awards for the quarter, 88 percent more than the $512 million it won in the prior year period.

CACI President and CEO Paul Cofoni said strong ISR and government transformation revenue helped spur 20 percent growth in CACI’s federal civilian business.

That business also includes healthcare information technology.

CACI also took in $605 million in contract funding orders, raising its fiscal year total to $1.12 billion.

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