Author: Jane Edwards|| Date Published: January 26, 2023
CACI International (NYSE: CACI) saw its fiscal year 2023 second quarter revenue rise 11 percent to $1.65 billion and attributed the increase to a 6 percent organic growth and recently completed acquisitions.
The Reston, Virginia-based government technology services contractor said Wednesday total backlog at the end of December was $26.5 billion, of which $3.2 billion was funded.
CACI booked $3.5 bilion in contracts during the period and new business accounted for 70 percent of the contract awards.
Q2 FY 2023 contract wins include a $2.25 billion contract with the Defense Counterintelligence and Security Agency for background check support and a $284 million contract with the National Security Agency for systems engineering services.
The company reported $87.1 million in Q2 net income and $3.68 in diluted earnings per share.
Second-quarter revenue and gross profit drove income from operations to jump 5.4 percent to $130.9 million.
CACI maintained its full year revenue expectations at $6.5 billion to $6.6 billion and adjusted diluted earnings per share guidance at a range of $17.65 and $18.49.
The Defense Health Agency awarded a combined $8.07 billion in contracts to Humana Government Business, Evernorth Federal Services and Ipsos Public Affairs…
The Naval Information Warfare Center Pacific is soliciting proposals for the development and fielding of intelligence, surveillance and reconnaissance systems…
The Department of War is accelerating its push into unmanned systems, moving beyond experimentation toward large-scale production, streamlined acquisition and…
