Technical services provider
CACI International Inc.
) recently provided its initial guidance for fiscal 2014
beginning Jul 1, 2013, while reiterating the same for the ongoing
fiscal. The outlook is derived at by factoring the risks stemming
from the challenging macroeconomic environment. Moving ahead,
CACI expects to diligently focus on its operating plans to reward
its shareholders with attractive risk-adjusted returns.
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For fiscal 2014, CACI expects revenues to be in the range of $3.5
billion to $3.7 billion with earnings of $142 million to $152
million or $5.70 to $6.10 per share. Operating cash flow is
expected to be approximately $225 million without assuming any
impact of future acquisitions.
CACI intends to drive operational excellence by intensively
focusing on its organic and inorganic growth strategy and
strengthening its existing customer relationships while building
newer ones. In addition, the company anticipates to significantly
benefit from its cost-reduction program.
For fiscal 2013, CACI reiterated its previous guidance and
expects net income in the range of $151 million to $157 million
on revenues of $3,650 million to $3,750 million. Earnings are
expected to be within $6.29 and $6.55 per share.
Going forward, CACI intends to assiduously grow in large markets,
increase new business initiatives and leverage mergers and
acquisitions to further increase its market share and create
long-term value for its shareholders.
Based in Arlington, Va, CACI delivers IT applications and
infrastructure to improve communications and secure the integrity
of information systems and networks, enhance data collection and
analysis, and increase efficiency and mission effectiveness. The
company's solutions enhance defense and intelligence
capabilities, assure homeland security, improve decision-making,
and help customers operate smartly and efficiently.
CACI currently has a Zacks Rank #3 (Hold). Other stocks that look
promising and are worth considering in the industry include
Forrester Research Inc.
), each carrying a Zacks Rank #2 (Buy), while
) carries a Zacks Rank #1 (Strong Buy).