CACI raises 2012 revenue forecast despite sluggish economy
Contractor sees growth of between 6 percent and 11 percent
- By David Hubler
- Jun 30, 2011
With tomorrow’s July 1 start of its 50th fiscal year, CACI International has boosted its fiscal 2012 forecast, predicting that revenues will increase to between $3.75 billion and $3.95 billion, or 6 percent to 11 percent higher than its revised fiscal 2011 income guidance.
"This will be the third consecutive year CACI has delivered on our financial goals of mid- to high-single-digit organic revenue growth and double-digit earnings growth,” Paul Cofoni, CACI's president and CEO, said in a statement dated June 29.
He attributed the projected strong performance results to CACI’s growth strategy, “which is focused on the high-priority, well-funded markets of defense, intelligence, homeland security, cybersecurity, and IT modernization and transformation of government.”
"The multitude of threats to our national security continues to create strong demand for CACI's innovative solutions and services,” he added, citing new government initiatives, including health care IT, cloud computing and mobile applications.
CACI International Inc., of Arlington, Va., ranks No. 14 on Washington Technology’s 2011 Top 100 list of the largest federal government contractors.
David Hubler is the former print managing editor for GCN and senior editor for Washington Technology. He is freelance writer living in Annandale, Va.