Defense Spending Aids CACI' health.(BUSINESS TIMES)(STOCK VIEW)

The Washington Times (Washington, DC), May 6, 2002 | Go to article overview

Defense Spending Aids CACI' health.(BUSINESS TIMES)(STOCK VIEW)


Byline: Kristina Stefanova, THE WASHINGTON TIMES

CACI International Inc., which maintains computer networks for the U.S. military and intelligence agencies, is having a strong growth year fueled by the Bush administration's aggressive defense spending.

The Arlington-based company's performance has reflected in its stock, which has traded between $30 and $40 since September 11. It closed at $29.57 Friday on Nasdaq.

The dip in the price resulted from a confusion among analysts following the company's earnings report April 23. The company said that for its third fiscal quarter ended March 31 net income rose 54.5 percent to $8.6 million (33 cents per share) from $5.6 million (24 cents) a year earlier.

CACI had forecast earnings of 29 cents to 32 cents a share, while the consensus of 11 analysts surveyed by Thomson Financial/First Call was for earnings of 31 cents to 38 cents a share. The downgrade hurt the stock, which dipped a few dollars on the day the earnings were released.

Since then the shares have picked up, after the company explained that analysts did not properly calculate the effect of the company's recent secondary stock offering. Last month CACI sold 4.25 million shares, raising $148 million to pay off debt, says Jack London, CACI's chairman, president and chief executive.

"We had a very strong quarter," he says. "And we're looking at a record year coming into the fourth quarter."

Revenues at CACI rose 23.4 percent to $182.82 million from $148.19 million during the third quarter, which was a busy time for the company in terms of winning new contracts.

Last week CACI won a $500 million subcontract with Science Applications International Corp., in San Diego, to support the communications network of the Defense Information Systems Agency.

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Defense Spending Aids CACI' health.(BUSINESS TIMES)(STOCK VIEW)
Settings

Settings

Typeface
Text size Smaller Larger
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.