CACI International Inc. of Arlington, a provider of information technology products and services, said its fiscal fourth-quarter profit rose 24 percent from the year-ago quarter, to $4.1 million (36 cents a share) from $3.3 million (29 cents). Revenue rose 38 percent, to $126.1 million from $91.1 million.
About 57 percent of the increase in quarterly revenue was from the company's business with the Department of Defense. The company won two large contract renewals, from the U.S. Air Force Technology Task Order Engineering Services and the U.S. Navy Readiness Based Sparing Services.
The company also appointed L. Kenneth Johnson, experienced in information technology business development and familiar with the federal market, as its president.
Earnings for the fiscal year ended June 30 rose to $14.2 million, from $11.7 million in the previous year. Revenue rose to $441.7 million from $326.1 million.
CACI shares fell $2.31 1/4 yesterday to close at $20.93 3/4 on the Nasdaq Stock Market.
* Rouse Co., a Columbia-based real estate developer, reported that results improved in its second quarter because of strong performance in all three of its major businesses.
Shopping centers, the largest of the businesses, posted record occupancy and sales levels. Office, mixed-use and other commercial properties also had high occupancies. Land sales also were more brisk than last year.
Funds from operations, the standard for real estate companies' results, rose 20 percent in the quarter, to $55.6 million, from $46.4 million in the same period last year. On a per-share basis, funds from operations rose 13 percent, to 70 cents from 62 cents. Funds from operations is a financial measure that adds back charges for property amortization and depreciation that otherwise reduce net income.
Profit fell 21 percent, to $29.1 million from $36.8 million. Revenue rose 13 percent, to $249.8 million from $221.3 million.
For the first six months of the year, funds from operations totaled $116.8 million ($1.46), up 12 percent from $104 million ($1.38) in the same period a year ago. Profit was $57 million, down 13 percent from $65.7 million. Revenue was $519.51 million, up 5 percent from $493.43 million.
Rouse shares closed at $23.43 3/4 yesterday, unchanged, on the New York Stock Exchange.
* Mills Corp., an Arlington real estate investment trust, said its second-quarter net income rose 20 percent as store rents and tenant sales grew at its shopping centers.
The company earned $6.8 million in the quarter ended June 30, up from $5.6 million in the year-earlier period. Revenue climbed 3 percent, to $44.4 million, from $42.9 million.
Funds from operations rose 8 percent in the quarter, to $22 million from $20.3 million.
Mills owns eight large shopping centers nationwide, including Potomac Mills in Prince William County. It recently broke ground on Arundel Mills near Baltimore-Washington International Airport.
Mills shares closed at $18.87 1/2 yesterday, down 18 3/4 cents on the New York Stock Exchange.