CACI Reports Sales Down, Profit Up

CACI International's sales in its most recent quarter fell about 4 percent to hit $865.5 million, the company announced today.

However, the company boosted its quarterly profit 13 percent to reach $41.3 million.

Ken Asbury, CACI's chief executive, said in a call with analysts this morning that CACI has been pursuing a strategy of going after larger contracts. "You're seeing that play out," he said.

Asbury also said the contractor is keeping a close eye on the mergers and acquisitions market as several companies, including BAE Systems and Lockheed Martin, have expressed interest in selling their services businesses.

"Some of them that are in the market are interesting and some are just not," he said today. "We're pretty disciplined in how we try to use our capital."