CACI Reports Solid Fiscal 2009 Third Quarter Results

Today, we reported our earnings results for the third quarter and first nine months of CACI's fiscal year 2009 (FY09). We are pleased with our solid financial performance. Our news release is available now on both CACInet and www.caci.com, and we will hold our quarterly conference call with analysts and investors tomorrow morning at 8:30 a.m. ET. You can register to listen to the call at http://investor.shareholder.com/caci/eventdetail.cfm?eventid=66842 or dial in to hear at 1-877-741-4244, confirmation code 1040812. Transcripts from the call will also be available on our websites later that day.For the FY09 third quarter, CACI reported record revenue of $674.0 million, up 6.3 percent over third quarter FY08 revenue of $634.2 million. Diluted earnings per share were $0.77, up 5.7 percent; cash generated by operations was $80.1 million, up 27.7 percent; and net income was $23.4 million, up 5.1 percent from the third quarter of FY08. For the first nine months of FY09, we reported record revenue of $2.00 billion, up 13.4 percent over the first nine months of FY08, when revenue was $1.77 billion. Diluted earnings per share were $2.18, up 11.7 percent; cash generated by operations was $94.5 million, up 20.2 percent; and net income was $66.5 million, up 11.3 percent over the first nine months of FY08. Also for the third quarter, Intelligence Community revenue was 8 percent higher than in the third quarter of FY08, representing 37 percent of our quarterly revenue. Intelligence revenue for the first nine months of FY09 grew 26 percent, representing 38 percent of our year-to-date revenue. Third quarter contract funding orders increased to approximately $743 million, up more than 5 percent over the FY08 third quarter. Contract funding orders for the first nine months of FY09 totaled $2.2 billion, up 19.5 percent over the first nine months of FY08. Contract awards for the third quarter were an estimated $768 million. We won several large ID/IQ contracts, including the General Services Administration Alliant vehicle with an estimated value to CACI of $350 million. We also continued our success on the U.S. Army's Strategic Services Sourcing (S3) contract vehicle, winning more than $239 million in S3 awards for the quarter.Our industry recognition increased as CACI was rated by Fortune Magazine among their Most Admired Companies in the World, as well as the Most Admired Company in Virginia. Deb Dunie, our Chief Technology Officer, was named Chairman of the Armed Forces Communications and Electronics Association (AFCEA) International's Technical Committee. Also in this quarter, we co-sponsored the Asymmetric Threat Symposium 3 on the application of smart power and created a new website, http://asymmetricthreat.net/index.shtml, to serve as a repository of information from our Asymmetric Threat series. We will be publishing the results of the third symposium soon. We delivered positive hiring results this quarter, and continued our Deploying Talent - Creating Careers initiative to hire disabled veterans. We're proud that CACI people continue to make recruitment a top priority, and we're pleased to reward and recognize your efforts through our Employee Referral Program. CACI's solid performance for the third quarter of FY09 gives us continued momentum for the future. Thank you for your unwavering and high-quality support for our clients, our corporate initiatives, and our CACI culture of excellence and ethics. Your outstanding performance enables us to be the very best in all we do.