CACI Reports Record Sales, Orders In Fourth Quarter As Income Dips

摘要

CACI International [CACI] on Wednesday posted mixed financial results in its fourth quarterdriven by record sales and bookings although earnings fell due to a number of investments andan accounting change.Net income dropped nearly 4 percent to $50 million, $1.96 earnings per share, from $51.8million ($2.05 EPS) a year ago, missing consensus estimates by 17 cents per a share.The bottom line was down primarily due to $13 million in one-time investments in the quarteron information technology systems to enhance security and efficiency, increased businessdevelopment and research and development, and human resources initiatives, Tom Mutryn,CACI’s chief financial officer, said Thursday morning on the company’s earnings call.