Federal IT provider CACI International on Wednesday after market close reported earnings of $24.4m for the fourth quarter of its fiscal year, up 13% from the same period last year, as revenue increased 20% to $429.8m.
Revenue growth includes 16% organic growth, boosted by strong intelligence and national security sales, and 6% from last year’s acquisition of the Defense and Intelligence Group of American Management Systems, Inc. For the full fiscal year, CACI posted income of $85.3m, up 34%, on revenue of $1.62 billion, an increase of 42%. Sixteen percent of the annual growth figure was organic, and 26% from acquisitions.
Quarterly EPS of $0.76 beat analysts’ forecasts of $0.73, and full year EPS of $2.79 topped expectations of $2.77 per share, according to a Thomson Financial survey.
Despite a strong quarter and edging out expectations, CACI shares inched up less than 0.5% to close at $62.75 on Thursday.
CACI stood by its earlier guidance of earnings between $0.60 and $0.62 per share for the coming quarter, including stock options expense, on revenue of $420m to $430m. The company expects EPS of between $2.84 and $2.98 on $1.78bn to $1.85bn in revenue for next year.