Celebrating our 50th year in business, CACI sustains an exceptional record of success by providing professional services and IT solutions needed to prevail in the areas of defense, intelligence, homeland security, and IT modernization and government transformation. We deliver enterprise IT and network services; data, information, and knowledge management services; business system solutions; logistics and material readiness; C4ISR solutions and services; cyber solutions; integrated security and intelligence solutions; and program management and SETA support services. CACI solutions help federal clients provide for national security, improve communications and collaboration, secure information systems and networks, enhance data collection and analysis, and increase efficiency and mission effectiveness. A member of the Fortune 1000 Largest Companies and the Russell 2000 index,CACI provides dynamic careers for approximately 13,900 employees working in over 120 offices in the U.S. and Europe.
CACI Reports Record Results for Its Fiscal 2011 Fourth Quarter and Full Year and Raises Fiscal 2012 Guidance
Net income before earn-out adjustment increased 44.8 percent for the quarter and 31.2 percent for the year
Diluted EPS before earn-out adjustment increased 40.9 percent for the quarter and 28.6 percent for the year
Operating income before earn-out adjustment increased 36.3 percent for the quarter and 25.3 percent for the year
Revenue increased 13.5 percent for the quarter and 13.6 percent for the year
Organic revenue growth of 11.5 percent for the quarter and 11.6 percent for the year
Operating cash flow increased 7.9 percent to $226.0 million for the year
CACI International Inc (NYSE:CACI), a leading professional services and information technology solutions provider to the federal government, announced results for its fourth fiscal quarter and full fiscal year ended June 30, 2011.
Paul Cofoni, CACI’s President and CEO, said, “In Fiscal 2011, we delivered on our financial goals of mid- to high-single-digit organic revenue growth and double-digit earnings growth. We achieved record results in revenue, operating income, EPS, and cash flow, and our strong funding orders for the year – the highest in CACI’s history – give us confidence that we will sustain our top and bottom line growth into the future. Our Board of Directors has replaced our $175 million share repurchase authorization with an authorization to repurchase up to 4 million shares, and we fully expect to implement a corresponding repurchase plan which is expected to deliver further value to our shareholders.”
Mr. Cofoni added, “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. 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.
“Persistent threats to our national security continue to create strong demand for CACI’sinnovative C4ISR solutions and services, and federal budgetary constraints are increasing the demand for our IT modernization and government transformation capabilities that can reduce costs, increase productivity, and provide improved service to taxpayers. Our momentum is accelerating in the high-growth cyber arena with FY11 cybersecurity awards totaling over $120 million while our acquisition of Pangia Technologies and planned purchase of Paradigm Holdings offer additional significant cybersecurity capabilities. We also expect growth as a result of our significant inroads into the healthcare IT market in FY11, including our recent prime position on the Department of Veterans Affairs $12 billion Transformation Twenty-One Total Technology IDIQ contract.
“We are celebrating our 50th year of serving clients with excellence, delivering value to our shareholders, and providing opportunities for our diverse employee team to be the best. Our Fiscal Year 2011 achievements and forward momentum give us the confidence to raise our guidance for Fiscal Year 2012. We look forward to another year of meeting our financial goals while creating new value for our clients and our shareholders.”
Visit CACI on the web at www.caci.com and www.asymmetricthreat.net.
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August 18th, 2011 at 04:17 pm