RESTON, Va. - CACI International Inc (NYSE: NYSE: CACI ) saw its shares jump 3.4% in aftermarket trading Wednesday after the government technology contractor reported better-than-expected fiscal second quarter results and raised its full-year outlook.
The company posted adjusted earnings per share of $5.95 for the quarter ended December 31, 2024, handily beating analyst estimates of $5.20. Revenue rose 14.5% year-over-year to $2.1 billion, also topping the consensus forecast of $2.02 billion.
CACI's strong performance was driven by 8.1% organic growth, with revenues from the Department of Defense up 16.2% to $1.58 billion. Federal civilian agency revenues increased 11.2% to $433.7 million.
"Our second quarter reflected another exceptional period for CACI. Financial results were strong across the board with double-digit revenue growth, increased profitability, healthy cash flow, and growing backlog," said John Mengucci, CACI President and Chief Executive Officer.
The company raised its fiscal 2025 guidance, now expecting revenue of $8.45-$8.65 billion, up from its previous outlook of $8.37-$8.57 billion. Adjusted earnings per share are forecast at $23.87-$24.76, compared to $23.24-$24.13 previously.
CACI's total backlog grew 18.2% year-over-year to $31.8 billion at the end of the quarter. The company reported $1.2 billion in contract awards for the period, with about 45% representing new business.
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