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CACI Issues Guidance for Fiscal Year 2004.

Article Excerpt
Company Expects to Exceed $1 Billion in Revenue While Increasing



Profitability Continued Strong Growth Projected Over Next Three Years

ARLINGTON, Va., July 8 /PRNewswire-FirstCall/ -- CACI International Inc , a leading provider of information technology and network solutions to the U.S. Government, announced today guidance for its fiscal year 2004 (FY04), which began on July 1, 2003. In FY04, the Company expects its revenue to exceed $1 billion, its net profit margin to increase, and its diluted earnings per share to rise significantly as a result of continuing improvement in its mix of delivering mission critical services and solutions to its federal customers in the areas of national defense, intelligence, and homeland security. Guidance for the first fiscal quarter was also included.

Guidance for FY04

Net income for the full year is forecasted to be between $53.1 and $54.7 million, up 21 to 27 percent over previously-announced expected FY03 net income of $43 to $43.9 million. The Company expects its net profit margin to range between 5.2 and 5.4 percent in FY04, up from 5.2 percent expected for FY03. To achieve the higher net profit margin, the Company forecasts its operating margin for FY04 to range between 8.3 and 8.6 percent, up from the 8.1 percent expected for FY03. The Company anticipates that it can achieve these goals as a result of continuing to control indirect costs and selling expenses, maintaining relatively lower depreciation and amortization expense and improving the mix of its business as described below. Diluted earnings per share are expected to range between $1.77 and $1.82, a 19 to 25 percent increase over expected FY03 diluted earnings per share of $1.46 to $1.49.

For all of FY04, the Company is forecasting revenue...

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