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UPDATE 1-CACI raises FY09 profit view, gives FY10 outlook

Thu Jun 25, 2009 5:47pm EDT

Stocks

   

* Sees FY09 EPS $3.09-$3.16/shr

Stocks

* Raises FY09 forecast due to increased demand

* Sees FY10 EPS $3.20-$3.40/shr

* Sees FY10 rev $2.85-$2.95 bln

June 25 (Reuters) - CACI International Inc (CACI.N) raised its forecast for fiscal 2009 earnings, citing increased demand for its products in the United States and Britain.

CACI, which provides a range of technology and intelligence services to the Pentagon and civil federal agencies, now sees 2009 earnings between $3.09 and $3.16 a share.

Analysts on average expect earnings of $2.99 a share, before items, according to Reuters Estimates.

Earlier in April, the company forecast earnings of $2.95 to $3.05 a share.

For fiscal 2010, CACI expects earnings of $3.20 to $3.40 a share, on revenue of $2.85 billion to $2.95 billion.

Analysts were expecting the company to earn $3.35 a share, on revenue of $2.9 billion.

"The record level of awards and contract funding orders we are receiving during our full-year 2009 has helped to establish our best-ever funded backlog and total backlog to date for CACI as we start 2010," Chief Executive Paul Cofoni said in a statement.

Shares of the Arlington, Virginia-based company closed at $39.72 Thursday on the New York Stock Exchange.

For the alerts, please double-click on [nWNAB2305] (Reporting by Biswarup Gooptu in Bangalore; Editing by Ratul Ray Chaudhuri)



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