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Wells Fargo Securities Report Highlights CACI EBITDA Milestone, Capgemini-Altran Deal, Accenture Earnings Guidance

A new Wells Fargo Securities report says CACI International (NYSE: CACI) has reached the milestone of 10 percent earnings before interest, tax, depreciation and amortization margin. WFS Managing Director Ed Caso and Associate Analyst Justin Donati forecast that win rates will drive organic growth at the Arlington, Va.-based government contractor.

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SAIC Reports 37% Growth in Q1 FY 2020 Revenue; Nazzic Keene Quoted

Science Applications International Corp. (NYSE: SAIC) saw its revenue for the first quarter of fiscal year 2020 increase 37 percent to $1.6B and recorded $178M in net cash provided by operating activities, up 102 percent from the prior-year period. SAIC said Thursday contract awards for Q1 FY 2020 reached $1.9B and net bookings hit $1.4B with a book-to-bill ratio of 0.9.

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Salesforce Sees Growth Amid Digital Transformation Efforts in Government, Industry; Marc Benioff Quoted

Salesforce (NYSE: CRM) CEO Marc Benioff has said the growing interest in technology that can support digital transformation initiatives across the government and industry is a key growth driver for the cloud computing software provider, CNBC reported Tuesday.

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Defense Firms Report Impact of Gov’t Shutdown, Expect Military Funding Increase for Fiscal 2020

Major defense primes General Dynamics (NYSE: GD), Lockheed Martin (NYSE: LMT) and Northrop Grumman (NYSE: NOC) did not experience “notable” impacts from the 35-day partial government shutdown, Wells Fargo Securities reported Friday. The investment bank added that Booz Allen Hamilton (NYSE: BAH) projected a March quarter impact of nearly $20M in revenue, while …

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PwC: Aerospace, Defense M&A Deal Value Hit $24.2B in First Half of 2018

A new PwC report says the value of merger and acquisition deals in the global aerospace and defense industry reached $24.2 billion during the first half of 2018, a figure that reflects a 30 percent rise over the same period last year. PwC said the number of M&A transactions in the A&D sector dropped by 17 …

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