Information technology services provider CACI International Inc. CACI recently secured two task orders worth $29.8 million from the U.S. Securities and Exchange Commission (SEC). The contracts have an initial term of five years and entail CACI to deliver legal support services to the SEC.
The new task orders represent additional bread and butter for its Investigation and Litigation Support market area that deals with investigating and litigating varied legal cases. This division of CACI has in-depth knowledge of the legal and technical challenges faced in federal investigations and has assisted the U.S. government since 1978 in numerous complex and varied missions.
The current task orders will require CACI’s assistance in the SEC’s Division of Enforcement, the Office of Compliance Inspections and Examinations, and the Office of the Investor Advocate. In particular, CACI will oversee investigations of possible security law breaches in these departments, and provide professional legal support services.
Just a few days back, the company had reiterated its guidance for fiscal 2015. CACI continues to expect fiscal 2015 revenues in the range of $3,300 million – $3,350 million and net income in the range of $125 million to $130 million, resulting in earnings per share in the range of $5.12 – $5.33.
At the same time, the company had provided its initial guidance for fiscal 2016. CACI anticipates net income of $130 million to $140 million on revenues of $3,300 million – $3,500 million. Earnings per share for fiscal 2016 are expected in the range of $5.24 – $5.65. The outlook is based on renewed optimism for realigning the organization, diligent execution of operating strategy with an effective cost structure and record amount of new business awards received in fiscal 2015. Moving forward, CACI remains confident to continue meeting customer requirements through the delivery of affordable solutions and services.
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. CACI’s system-integration skills and intelligence expertise consume a significant portion of the funds earmarked for the Department of Homeland Security, while creating systems that facilitate sharing of critical information among all intelligence agencies.
CACI currently has a Zacks Rank #3 (Hold). Some other better-ranked stocks in the industry include Lionbridge Technologies Inc LIOX, LogMeIn, Inc. LOGM and Ebix Inc. EBIX, each carrying Zacks Rank #1 (Strong Buy).
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