Services contractors CACI International and ManTech International both this week reported increases in quarterly sales and profit.
CACI International said sales during the most recent three-month period reached $1.3 billion, up close to 13% from the same period a year earlier. The company's quarterly profit hit $68.1 million, up 6% from the prior year.
CACI attributed its sales growth to “acquired revenue, new business wins, and on-contract growth.” The contractor said its profit benefited from lower 2019 tax rates.
ManTech International said this week sales in its most recent quarter reached $502 million, up 6% from the same three-month period a year earlier.
The company's quarterly profit hit $21.1 million, up nearly 5% from the prior year.