CACI Q3 2020 Earnings Report
Key Takeaways
CACI International Inc reported strong third quarter results with a 15.9% increase in revenue to $1.47 billion and an 18.2% increase in net income to $80.6 million. The company highlighted robust cash flow from operations and contract awards of $1.4 billion. Despite an estimated $10 million revenue impact from COVID-19, CACI reiterated its fiscal year 2020 guidance.
Revenue increased by 15.9% year-over-year to $1.47 billion.
Net income rose by 18.2% year-over-year to $80.6 million.
Contract awards totaled $1.4 billion, with approximately 50% for new business.
The company reiterated its fiscal year 2020 guidance, despite COVID-19 impacts.
CACI
CACI
CACI Revenue by Segment
Forward Guidance
CACI's business continues to perform well despite the COVID-19 pandemic, and the company believes these effects are reflected in their previously-provided guidance ranges.
Revenue & Expenses
Visualization of income flow from segment revenue to net income