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CACI ANNOUNCES RESULTS FOR YEAR & QUARTER ENDED JUNE 30, 1992; CHAIRMAN SAYS EARNINGS, NEW BOOKINGS, ACQUISITION POINT TOWARD GROWTH IN FY93

CACI ANNOUNCES RESULTS FOR YEAR & QUARTER ENDED JUNE 30, 1992; CHAIRMAN

SAYS EARNINGS, NEW BOOKINGS, ACQUISITION POINT TOWARD GROWTH IN FY93
 ARLINGTON, Va., Aug. 18 /PRNewswire/ -- CACI International Inc. (NASDAQ: CACI) today announced results for its 1992 fiscal year and fourth quarter ended June 30, 1992.
 Net income for the year was $4.2 million on revenue of $139.9 million compared to net income of $1.0 million on revenue of $136.1 million last year. On a per share basis, income quadrupled, from 10 cents per share in FY91 to 40 cents per share in FY92. The company also said that total contract backlog was $366.4 million at June 30, 1992, 33 percent greater than at the same date last year. Not included in this contract backlog is 20 percent of the company's monthly revenue from its proprietary software product sales.
 The company also reported that during FY92 it had booked $203 million in new contracts business. It further stated that it also has $255 million in new contract bids that have already been submitted, and are still under evaluation for award decisions. The company reported that during the next six months it anticipates submitting an additional $400 million in program bids that it is currently pursuing.
 Fourth quarter revenue was up 9.8 percent at $35.8 million compared to $32.6 million for the fourth quarter last year. For the quarter, net income was $1.15 million, or 11 cents per share, compared to a loss last year of $.7 million, (7 cents) per share. Proprietary software product sales were reported strong for the quarter.
 The company said that the difference in net income between years was attributable to improved operating results arising in part from its restructuring, cost reduction measures, and office relocation write-offs taken in the previous year to put the company on a more growth-oriented trend.
 Chairman and CEO Jack London said that "We continue to invest in CACI's future. Our 1992 results, and the revenue increase in the fourth quarter, reflect the initial benefits of our positioning of CACI as a major player in the Information Technology industry. CACI people have done a terrific job this past year. In the year ahead, we expect to see growth starting in the third quarter, as a result of the new business we booked in FY92, the award of some of the new business we are now bidding, and from our acquisition in early FY93 of American Legal
Systems (ALS). We also expect strong performance from our proprietary software products business in FY93." He said that the acquisition of ALS would be effective for eleven months of the year and after acquisition costs were considered, should add approximately two to three cents to CACI's FY93 per share earnings, on $8 million in revenue, which would be generated from commercial client programs.
 London said that the company also had plans to continue its search for "suitable" acquisition candidates in the coming year, and noted that CACI has working capital of $21 million with no long-term debt.
 CACI is an international information systems and high technology services corporation. CACI is a world leader in computer-based technology, systems, custom software, integration and operations, imaging and document management, simulation, and proprietary database and software products. CACI provides products and services worldwide in support of government agencies and commercial enterprises.
 Offices are located in major cities in North America and Western Europe. Corporate headquarters are in the metropolitan Washington D.C. area.
 CACI INTERNATIONAL INC.
 Periods ended: Quarter Year
 June 30 1992 1991 1992 1991
 Revenue $35,831,014 $32,587,599 $139,878,244 $136,084,068
 Net earnings 1,156,293 (727,837) (4,209,875) 1,022,126
 Earnings per share $.11 ($.07) $.40 $.10
 Balance Sheet Information
 (000s omitted)
 June 30 1992 1991
 Current assets $47,698 $42,806
 Current liabilities 26,676 24,183
 Working capital 21,022 18,623
 Current ratio (x:1) 1.79 1.77
 Return on equity (as a percent) 15.63 3.76
 Stockholders' equity $28,924 $24,959
 Net book value $2.90 $2.54
 Equivalent shares 10,604 10,737
 -0- 8/18/92
 /CONTACT: John H. Baker of CACI International, 703-841-7800/
 (CACI) CO: CACI International Inc ST: Virginia IN: CPR SU: ERN


LR-TS -- NY006 -- 0813 08/18/92 08:58 EDT
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Date:Aug 18, 1992
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