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CACI Sees Big Financial Gains

CACI Sees Big Financial Gains - top government contractors - best government contracting event
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CACI has beat its financial guidance – again.  The firm reported strong gains in an announcement released yesterday.

“This marks the third consecutive year that we have met or exceeded our guidance in top- and bottom-line performance,“ said CEO Paul Cofoni.  “FY10 was a record year for revenue, net income, diluted earnings per share, operating cash flow and contract funding orders. In addition, we completed three strategic acquisitions that have added to our portfolio of cyber security and IT modernization solutions. Our growth continues to be driven by the key support we provide to the warfighter in the critical, well-funded national security priorities of C4ISR and intelligence.“

CACI reported total net revenue of $848.7m for the fourth quarter of 2010, up 16.4% compared to $729m from the same time frame a year ago.

Revenue from Department of Defense (DoD) increased 17.7% year-over-year to $664m, while commercial revenue jumped 81.9% to $40m.

The firm noted operating income of $53.97m for the fourth quarter of 2010, an increase of 2.7%, compared to $52.57m this time last year.

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