CACI CEO Ken Asbury: Organic Growth is Top Priority

Ken Asbury

Ken Asbury, president and CEO of CACI International (NYSE: CACI) and a five-time Wash100 winner, has said the company’s first priority is to continue organic growth efforts.

“M&A remains our priority for capital deployment and we are pursuing quality companies and contracts that add new customers and fill capability gaps across our addressable market,” Asbury told analysts Thursday at a conference call on fiscal year 2019 first-quarter earnings.

He noted the Arlington, Va.-based company works to align products and services with the U.S. government’s national security priorities and invests in new technology platforms that can differentiate the information technology services provider’s offerings in contract bids.

CACI reported Wednesday it saw net income climb 87.5 percent to $78.8M for the first quarter ended Sept. 30, compared with $42M in the same period a year ago.

Revenue increased 7.4 percent to $1.17Bwhich the company attributed to “new business wins, on-contract growth and acquired contracts.”

First quarter contract awards amounted to $2.54B, up 111 percent over the previous-year figure, and nearly 60 percent of the awards represented new work for the company.

You may also be interested in...

DISA

DISA Seeks Potential FAMIS-WCF Financial System Sustainment, Enhancement Support Sources

The Defense Information Systems Agency has started to seek information on potential vendors that could help enhance and provide sustainment support for DISA’s Financial Accounting Management Information System for the Working Capital Funds platform.

Potomac Officers Club Hosts PNT Superiority on the Future Battlefield

Potomac Officers Club’s Ensuring PNT Superiority on the Future Battlefield Hosted Expert Panel to Discuss Defense Resilience and Capabilities

During Potomac Officers Club’s Ensuring PNT Superiority on the Future Battlefield Virtual Event, an expert panel, comprised of notable leaders across the defense sector, took the stage to discuss how military PNT capabilities have become vital to the nation’s ability to shape the global environment, deter aggression, and fight and win wars, now and in the future.