SRA Profit Up Slightly; CACI International's Down
Washington Post Staff Writers
Thursday, November 2, 2006; Page D04
SRA International Inc., a contractor in Fairfax, announced higher quarterly profit yesterday, while CACI International Inc. of Arlington said its earnings fell slightly.
SRA said profit rose to $15.1 million (26 cents a share) in its fiscal first quarter ended Sept. 30 from $14.4 million (25 cents) in the comparable quarter a year earlier. Revenue rose 8 percent, to $304 million, exceeding the company's forecast for the quarter.
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The information technology firm said it expects to report as much as $1.3 billion in revenue this year.
SRA completed its acquisition of Raba Technologies LLC, a provider of technical services, including software development, to intelligence agencies, last month. The acquisition will "enhance our presence in the intelligence community," Renato A. DiPentima, president and chief executive, said in a written statement.
CACI said profit for the fiscal first quarter ended Sept. 30 was $18.8 million (60 cents a share), down from $19.1 million (62 cents).
Revenue rose 11 percent, to $467.6 million. CACI forecast revenue for the year of $2 billion to $2.1 billion.
CACI said it won contracts worth $900 million in the quarter, $230 million of which came from the intelligence community. The company said 60 percent of its awards in the quarter represent new work.
SRA and CACI reported their earnings after the stock market closed.
A smaller government contractor, NCI Inc. of Reston, which provides information technology services to federal agencies, had a profit of $2.4 million (18 cents a share) in the third quarter, down from $2.7 million (36 cents) a year earlier, when fewer shares were outstanding.
Revenue increased 20 percent, to $59.9 million, which the company attributed mainly to spending under the Air Force's $9 billion NetCents information technology initiative. Its shares rose 84 cents, to $12.45.
In results reported yesterday by other Washington area companies:
