CACI International Inc.
) recently completed its previously announced acquisition of Delta
Solutions and Technologies Inc.
Delta Solutions generated revenues of $44.8 million in
2011. CACI International expects the acquisition to be
accretive to the bottom line in the first twelve months.
Employing 175 management consultants and IT specialists, Delta
Solutions provide specialized solutions with key focus on Federal
Financial Management (FFM) systems' design, development,
integration and operations and maintenance.
Delta's key customers include federal civilian agencies, such as
the Department of the Interior, Department of Justice, Department
of Veterans Affairs, and Department of Housing and Urban
The acquisition also boosts CACI's strong position in the
business system solutions and government transformation arenas.
Moreover, it also complements CACI International's acquisition of
)-based Advanced Programs Group in 2011.
According to CACI International, financial management systems
are quite vital to the business operations of federal agencies and
updating the technology behind these systems is critical to mission
CACI International expects the acquisition of Delta Solutions to
pave new growth opportunities for the company in the high-priority
area of government transformation while seizing a larger chunk of
this huge market.
CACI International believes the acquisition of Delta Solutions
will be vital in the long run as he federal government continually
focuses on achieving clean audit opinions while making better
Meanwhile, earnings estimates for fiscal 2012 have moved up
marginally in the last thirty days as thirteen out of the fifteen
analysts covering the stock upped their estimates while one
reducing the same.
We currently have a Neutral recommendation on the company's
stock. Nevertheless, we have a Zacks #1 Rank on the company,
which translates into a short-term rating of Strong Buy.
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