posted strong third-quarter numbers and boosted fourth-quarter guidance.
For its quarter ended March 31, the Arlington, Va., federal information technology contractor earned $22 million, or 71 cents a share, up from $16 million, or 53 cents a share, a year ago. Revenue rose 44% from a year ago to $415 million.
The figures handily exceeded the Thomson First Call consensus estimate, which called for earnings of 69 cents a share on revenue of $400 million.
CACI also guided up on its fourth quarter, calling for a 73-cent profit on revenue of $420 million. Analysts were looking for a 72-cent profit on $410 million.
"The volume of Requests for Proposals from CACI's customers and prospects has increased significantly from three months ago," CEO J.P. London said in a postclose statement. "When compared with the first half of our fiscal year, we are seeing a dramatic increase in the number of opportunities to which we are responding."
The company said it has $1.9 billion in proposals under evaluation for award and anticipates submitting an added $4 billion by the end of September 2005. CACI added that it is "actively seeking strategic acquisitions that will further expand our customer base and enhance our capabilities" and "accelerating our recruiting activities to expand our employee population."
CACI shares were halted late Wednesday after falling 77 cents during regular trading to $51.75.