CACI Backs FY14 View; See FY15 Below Consensus

(RTTNews) - Government contractor CACI International Inc (CACI) on Wednesday reiterated its fiscal year 2014 guidance, which calls for revenue of $3.50 billion to $3.60 billion, net income of $130 million to $140 million or $5.12 to $5.51 per share.

Analysts polled by Thomson Reuters currently expect the company to earn $5.30 per share on revenue of $3.56 billion for the fiscal year 2014.

For the fiscal year 2015, the company forecasts revenue of $3.30 billion to $3.60 billion, net income of $125 million to $135 million or $5.10 to $5.51 per share.

Analysts polled by Thomson Reuters currently expect the company to earn $5.82 per share on revenue of $3.62 billion for the fiscal year 2015.

Ken Asbury, CACI's President and CEO said, "In FY14 we positioned CACI for long-term success by strengthening business development and enhancing our unique, high-end skills and capabilities, most notably with the acquisition of Six3 Systems. While we expect market uncertainties to persist in FY15, we believe that our differentiated position, operational excellence, and demonstrated ability to win contract awards will help offset the impact of constrained federal spending."