CACI International Bid Higher on Q4 Earnings Results
Shares of CACI International (NASDAQ: CACI) are trading higher in the after-hours following the release of the company's Q4 earnings results. Currently, shares are bid $49.76, at $52.02; they ended the regular session lower by 1.83%, at $48.82.
CACI International reported Q4 EPS of $1.44 on revenues of $963.2 million; Revenues increased 13.5% year over year. The company sees FY2012 EPS in the range of $4.70-4.90 on revenues of $3.75-3.95 billion.
Paul Cofoni, CACI's President and CEO, said, "In Fiscal 2011, we delivered on our financial goals of mid- to high-single-digit organic revenue growth and double-digit earnings growth. We achieved record results in revenue, operating income, EPS, and cash flow, and our strong funding orders for the year -- the highest in CACI's history -- give us confidence that we will sustain our top and bottom line growth into the future.”
“Our Board of Directors has replaced our $175 million share repurchase authorization with an authorization to repurchase up to 4 million shares, and we fully expect to implement a corresponding repurchase plan which is expected to deliver further value to our shareholders."
CACI International Inc., along with its wholly owned subsidiaries and joint ventures, is an international information systems, high technology services, and professional services corporation.
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