Investopedia: CACI Gearing Up For Tougher Times

With about three-quarters of revenue going to the Department of Defense and upwards of 90% of revenue going to various Federal agencies in total, CACI International (NYSE:CACI) would seem to have a lot to lose from years of presumably tighter federal budgets. This "conventional wisdom" may create an opportunity for risk-tolerant investors; this company has been through budgetary ups and downs before, and a combination of quality execution and the potential for mergers and acquisitions (M&A) should help prop up results.

Recent Results Relatively Positive  
Bearish analysts have been calling for a major downturn in growth at CACI for some time, but the company stubbornly refuses to go along with that. In the last quarter, CACI reported 9% organic revenue growth and a nearly full point improvement in operating income. Funded backlog has been declining relative to revenue, though, and that's a reality that cannot be ignored.

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