CACI minimizes Covid impacts, edges revenue estimates in its first quarter

CACI International Corp. (NYSE: CACI) was largely able mitigate the effects of the coronavirus pandemic on its business in its first quarter, which ended Sept. 30, executives said on the company’s earnings call Thursday. 

Continuing to lean into the federal government’s demand for new technology in a climate dependent on telework, CACI came in just over consensus revenue estimates with $1.46 billion in revenue for the quarter, a 7% gain over the prior year. 

The performance was better than even company executives were expecting given the continuation of the pandemic, but CACI President and CEO John Mengucci said higher margins from the company’s technology business, plus efforts to blunt Covid’s disruption, helped drive revenue.

“This includes creative alternatives, such as temporary SCIFs [Sensitive Compartmented Information Facilities] so more work is done outside of classified facilities and utilizing teleworking to the extent possible,” he said Thursday on the company’s…

Read the full story from the Washington Business Journal.

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