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CACI ANNOUNCES QUARTERLY RESULTS IMPROVED OPERATING EARNINGS OFFSET BY LEASE SETTLEMENT AND LEGAL EXPENSES

 ARLINGTON, Va., Jan. 19 /PRNewswire/ -- CACI International Inc. (NASDAQ: CACI) today announced results for the three month period ended Dec. 31, 1992, the second quarter of its 1993 fiscal year.
 Revenue during the period was $37.3 million, 4 percent greater than $35.8 million a year earlier. A 13 percent increase in net operating profits was offset by lease settlement and shareholder lawsuit expenses resulting in a net loss for the period of $177,000 or 2 cents per share. In last year's second quarter, the company reported earnings of $1,026,000 or 10 cents per share. The company said that it would have reported net income of $1,159,000 were it not for the after-tax impact of $1,172,000 associated with the expenses of a previously announced lease settlement, and $164,000 for legal and other fees associated with ongoing shareholder lawsuits.
 Total revenue for the first half of the year was $72.2 million, up $3.2 million (5 percent) from last year's first half level of $69 million. Net income for the first six months net of the after-tax impact of the lease and shareholder suits was $869,000, or 8 cents per share, versus $2 million, or 19 cents per share last year.
 CACI Chairman and CEO Jack London noted that the lease settlement is complete and the company expects no further financial impact from it. He said that the shareholder lawsuits have not yet been settled and "while discussions are proceeding, the suits will likely continue to detract from future earnings until they are resolved or settled."
 London said "The improvement in operating results is encouraging in light of intense competition for business in the U.S. Defense market, and the continuing recession in the United Kingdom where the company traditionally generates approximately 10 percent of its business." He also noted that the company's automated litigation support work with the Department of Justice had been slow during the second quarter, because of the DOJ's settlement of certain cases the company was supporting (CACI is the nation's premier provider of automated litigation support services). Nonetheless, London said the DOJ market will continue to provide significant opportunities for growth in the future.
 London further commented that over the past year (calendar 1992) the company has moved into an extremely aggressively marketing and bidding program, shifting significant resources into this activity, for both government and commercial markets. He said that as a result, the company has submitted bids for over $350 million in new business which are currently under evaluation, and that award decisions should be made on these bids within the next six to eight months. He also said that the company expects to submit an additional $320 million in bids before July 1, 1993. "Our investment in marketing and bid and proposal resources is having an effect," London said. He also noted that over half of the expected $670 million bid volume is in markets outside the U.S. Department of Defense. He said "Our focused marketing activity is the result of the company's efforts over the last two years in restructuring and reorganizing to fit our New Era plan."
 CACI is an international information systems and high technology services operation. 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 Six months
 Dec. 31 1992 1991 1992 1991
 Revenue $37,339,369 $35,791,848 $72,224,019 $69,010,607
 Net earnings (176,586) 1,026,420 869,020 2,011,477
 Earnings per share ($.02) $.10 $.08 $.19
 Balance Sheet Information
 (000s omitted)
 12/31/92 6/30/92
 Current assets $49,533 $47,698
 Current liabilities 29,855 24,011
 Working capital 19,678 23,687
 Current ratio (x:1) 1.66 1.99
 Return on equity (as a percent) 6.1 15.6
 Stockholders' equity 28,457 28,924
 Net book value $2.85 $2.90
 Equivalent shares 10,378 10,604
 -0- 1/19/93
 /CONTACT: Samuel R. Strickland of CACI International Inc., 703-841-7800, or Douglas Poretz of Douglas Poretz Ltd., 703-506-1778, for CACI International Inc./
 (CACI)


CO: CACI International Inc. ST: Virginia IN: CPR SU: ERN

PS-TS -- NY010 -- 6372 01/19/93 12:58 EST
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Date:Jan 19, 1993
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