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CACI Offers Fiscal 2014 Outlook

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Technical services provider CACI International Inc. (CACI - Free Report) 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.

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 Ebix Inc. (EBIX - Free Report) and Forrester Research Inc. (FORR - Free Report) , each carrying a Zacks Rank #2 (Buy), while NCI, Inc. carries a Zacks Rank #1 (Strong Buy).

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