CACI Reports Strong Second Quarter Earnings, Exceeding Expectations
RESTON, Va., Aug. 24, 2023 (Business Wire) -- CACI International Inc. (NYSE: CACI) today announced financial results for the fiscal second quarter ended July 31, 2023.
Financial Highlights:
* Earnings per share: $5.95 (adjusted for non-recurring items)
* Net income: $109.9 million
* Revenue: $2.1 billion
Analyst Expectations:
* Earnings per share: $5.17 (Zacks Investment Research)
* Revenue: $1.99 billion (Zacks Investment Research)
Full-Year Guidance:
* Earnings per share: $23.87 to $24.76
* Revenue: $8.45 billion to $8.65 billion
Key Metrics:
* CACI shares have increased 15% year-to-date.
* Shares closed at $465.11 on August 24, 2023, representing a 35% increase over the past 12 months.
CACI International's strong performance reflects its continued success in providing innovative solutions to its government customers. The company continues to invest in its core capabilities and expand its market reach.
For more information, please refer to the full earnings release and accompanying financial statements available on CACI International's website at www.caci.com.