CACI Worldwide has reported a 2.6% enhance in revenues to $6.2bn throughout its full yr fiscal that ended 30 June 2022.

The determine was $6.04bn in the identical interval a yr in the past.

The efficiency was pushed by natural progress and acquisitions accomplished within the yr.

The corporate’s working earnings dropped from $539.5m to $496.3m this yr.

In response to CACI, increased oblique prices and promoting bills from acquisitions and natural investments led to a lower in working earnings.

Within the full yr, the corporate’s internet earnings was $366.8m, a 19.8% dip from the earlier yr’s $457.4m.  

Annual adjusted internet earnings stood at $421.7m and adjusted diluted earnings per share was $17.81, in comparison with $507.2m and $20.29, respectively, reported in 2021.

The corporate reported $695.2m in free money circulate, in comparison with $537.1m within the earlier yr. This was pushed by increased money from operations.

Within the fourth quarter of fiscal yr 2022, the corporate’s revenues elevated 5% year-on-year.

CACI president and chief government officer John Mengucci stated: “We delivered progress, wholesome margins, and sturdy money circulate in fiscal yr 2022.

“We additionally delivered one other yr of robust contract awards and our backlog and pipeline stay sturdy. With a backdrop of rising budgets and growing nationwide safety calls for, we count on continued progress, margin enlargement, and wholesome money circulate technology in fiscal yr 2023 and past.

“Our differentiated capabilities and powerful monetary place give us confidence in our skill to ship worth for our clients and our shareholders.”

For fiscal yr 2023, CACI expects to attain continued progress and margin enlargement, in addition to wholesome money circulate.

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