CACI expects to grow amid U.S. defense cutbacks
* CEO says company less exposed to cuts
* Company seeking acquisitions in intelligence, energy
ATLANTA, Aug 26 (Reuters) - Information technology provider CACI International Inc (CACI.N) expects to grow even as the U.S. government moves to cut funding for outside service support contractors, its chief executive said.
Rising demand for systems that provide intelligence for combat troops and track enemy forces would spur new business for CACI International, which provides financial analysis and counter-intelligence expertise, said CEO Paul Cofoni.
Earlier this month, Defense Secretary Robert Gates announced plans to cut the number of generals, close a major military command and slash funds for outside service contracts to free up money to provide more resources for combat troops [ID:nN12276982].
"We are pretty well concentrated in the areas that would get the benefit," Cofoni said in an interview on Wednesday.
Analysts have said that technical analysis providers such as CACI International could be vulnerable as the U.S. government cuts outside service providers, but Cofoni said his company contributes to national security and was less exposed to cuts than IT providers that perform studies and provide less critical services.
CACI could gain business as the Defense Department looks to modernize its computing systems to make them less vulnerable to cyber attacks, he said.
Cofoni said intelligence would be "strong area for us for M&A" and added CACI was looking for acquisitions that would bolster engineering and consulting services for energy. CACI last week posted better-than-expected quarterly profit and revenue and said it expected per-share profit to rise over the next year [ID:nN17156242].
CACI International shares were up 27 cents to $42.12 on the New York Stock Exchange on Thursday.
(Reporting by Karen Jacobs. Editing by Robert MacMillan)
((karen.jacobs@thomsonreuters.com; + 1 404 493-3656; Reuters Messaging: karen.jacobs.reuters.com@reuters.net)) Keywords: CACI/
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