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Sep 30, 2020
CACI Q1 2021 Earnings Report
CACI's first quarter performance was a strong start to fiscal year 2021, delivering organic growth, strong profitability, and robust cash flow.
Key Takeaways
CACI International Inc. reported a 7.0% year-over-year increase in revenue, reaching $1.46 billion for the first quarter of fiscal year 2021. Net income also saw a significant rise of 37.8% year-over-year, amounting to $93.6 million. The company's contract awards totaled $1.8 billion, and they raised their fiscal year 2021 guidance.
Revenue increased by 7.0% year-over-year to $1.46 billion.
Net income increased by 37.8% year-over-year to $93.6 million.
Contract awards totaled $1.8 billion.
Fiscal year 2021 guidance was raised due to strong operating performance.
CACI
CACI
CACI Revenue by Segment
Forward Guidance
CACI raised its FY21 guidance to account for the Company’s strong operating performance.
Positive Outlook
- Revenue: $6,050 - $6,250 million (Previous: $6,000 - $6,200 million)
- Net income: $372 - $392 million (Previous: $347 - $367 million)
- Diluted earnings per share: $14.47 - $15.25 (Previous: $13.50 - $14.28)
- Diluted weighted average shares: 25.7 million
- Net cash provided by operating activities: at least $600 million (Previous: at least $580 million)
Revenue & Expenses
Visualization of income flow from segment revenue to net income