CACI reports improved sales

CACI International said this week sales in its most recent quarter reached $1.4 billion, up 18% from the same three-month period a year earlier.

Quarterly profit hit $80 million, up almost 16% from the prior year.

CACI said it has raised its guidance for the year. While the company previously expected fiscal year 2020 sales of $5.55 billion to $5.75 billion, it now expects sales of $5.6 billion to $5.8 billion.