CACI Reports Results for Its Fiscal 2024 First Quarter and Raises Fiscal Year Revenue, Adjusted Diluted EPS, and Free Cash Flow Guidance
Cash from operations, excluding MARPA was influenced primarily by higher revenue and the associated temporary effect on working capital.
- Cash from operations, excluding MARPA was influenced primarily by higher revenue and the associated temporary effect on working capital.
- CACI recognized approximately $750 million of award and backlog value based on current requirements in its first quarter of fiscal year 2024.
- Our guidance also now reflects lower diluted weighted average shares due to the effect of the share repurchases made during the first quarter.
- Higher free cash flow reflects first quarter results and confidence in our expectations for the year.