CACI International Inc (CACI) Bundle
An Overview of CACI International Inc (CACI)
General Overview of CACI International Inc (CACI)
CACI International Inc, founded in 1962, has established itself as a premier provider of information technology and professional services to the U.S. government, particularly in defense, intelligence, and federal civilian markets. The company specializes in offering solutions in areas such as cybersecurity, big data analytics, enterprise IT, and software development. As of 2024, CACI operates with a diverse portfolio of products and services aimed at enhancing the capabilities of its clients in both domestic and international markets.
As of 2024, CACI reported total sales of approximately $8.2 billion, reflecting the ongoing demand for its advanced technology solutions and services across various sectors.
Company's Financial Performance in the Latest Financial Reports
In the most recent financial reporting period for the three months ended September 30, 2024, CACI achieved record-breaking revenue of $2.056 billion, a growth of 11.2% from $1.850 billion in the same period the previous year. This growth was primarily driven by new contract awards and expansion in existing programs.
The breakdown of revenues by customer type is as follows:
| Customer Type | Q3 2024 Revenue (in thousands) | Q3 2023 Revenue (in thousands) | Change (in thousands) | Percentage Change |
|---|---|---|---|---|
| Department of Defense | $1,534,533 | $1,352,306 | $182,227 | 13.5% |
| Federal Civilian Agencies | $439,371 | $407,344 | $32,027 | 7.9% |
| Commercial and Other | $82,985 | $90,497 | ($7,512) | (8.3%) |
| Total | $2,056,889 | $1,850,147 | $206,742 | 11.2% |
Net income for the period was $120.2 million, representing an increase of 39.7% compared to $86.0 million in the prior year. The company's effective income tax rate was 22.9% for Q3 2024.
As of September 30, 2024, CACI reported a total backlog of $32.4 billion, indicating a robust pipeline of future revenue. The funded backlog stood at $4.3 billion, highlighting the company's strong position in securing government contracts.
Introduction to CACI as a Leader in the Industry
CACI International Inc is recognized as one of the leading companies in the information technology and professional services industry, particularly in government contracting. Its comprehensive suite of offerings and ability to adapt to the evolving needs of its clients have solidified its reputation as a trusted partner for U.S. federal agencies and international clients alike. The company's focus on innovation and excellence in service delivery continues to drive its success in an increasingly competitive landscape.
For those looking to understand the factors contributing to CACI's success and its strategic direction, further exploration of its mission, vision, and core values is recommended.
Mission Statement of CACI International Inc (CACI)
Mission Statement of CACI International Inc (CACI)
CACI International Inc (CACI) articulates its mission statement as a commitment to delivering high-quality products and services that meet the evolving needs of its customers. This mission is pivotal as it guides the company's long-term strategy and operational focus. CACI's mission statement emphasizes innovation, integrity, and excellence, which are essential for maintaining its competitive edge in the defense and intelligence sectors.
Core Component 1: Commitment to Excellence
At the heart of CACI's mission is a strong commitment to excellence. The company strives to provide superior services and solutions that not only meet but exceed customer expectations. For instance, CACI reported revenues of $2,056,889 thousand for the three months ended September 30, 2024, reflecting an 11.2% increase from the previous year. This growth is indicative of the company's successful execution of its mission through high-quality service delivery.
Core Component 2: Innovation and Technology
CACI places a significant emphasis on innovation and the integration of advanced technologies into its offerings. The company invests heavily in research and development, which amounted to approximately $52.7 million in increased cash flows due to new tax regulations affecting R&D expenditures. This investment supports the development of cutting-edge solutions tailored to the unique challenges faced by its customers, particularly in defense and intelligence operations.
Core Component 3: Integrity and Trust
Integrity is a foundational aspect of CACI's mission statement. The company is dedicated to maintaining high ethical standards and fostering trust with its clients. As of September 30, 2024, CACI reported a total backlog of $32.4 billion, an increase of 21.3% year-over-year. This substantial backlog underscores the trust and confidence that federal agencies and commercial clients place in CACI, reinforcing the company's mission-driven focus on integrity.
| Financial Metrics | Q1 2024 | Q1 2023 | Change (%) |
|---|---|---|---|
| Revenues | $2,056,889,000 | $1,850,147,000 | 11.2% |
| Net Income | $120,177,000 | $86,047,000 | 39.7% |
| Contract Backlog | $32,400,000,000 | $26,700,000,000 | 21.3% |
| R&D Investment Impact | $52,700,000 | N/A | N/A |
Vision Statement of CACI International Inc (CACI)
Vision Statement Overview
The vision statement of CACI International Inc (CACI) emphasizes its commitment to delivering innovative and effective solutions to its clients, particularly in the fields of defense, intelligence, and civil markets. As of 2024, CACI's vision focuses on leveraging advanced technology and expertise to enhance national security and improve government operations.
Commitment to Innovation
CACI aims to be a leader in technological innovation, continuously developing new solutions to meet evolving client needs. In the fiscal quarter ending September 30, 2024, CACI reported revenues of $2,056,889 thousand, an increase of 11.2% year-over-year, largely driven by new contract awards and expansion in existing programs.
Strengthening National Security
Another critical component of CACI's vision is its dedication to strengthening national security through its services. The company reported that $1,534,533 thousand of its revenue in the same quarter came from the Department of Defense, showcasing its pivotal role in supporting defense initiatives.
Enhancing Client Operations
CACI's vision also includes enhancing operational efficiencies for its clients. The company’s net income for the quarter was $120,177 thousand, reflecting a 39.7% increase compared to the previous year. This improvement indicates CACI's effective management and operational strategies that benefit its clients.
Global Reach and Impact
As part of its vision, CACI aims to expand its global footprint. The international operations contributed $60,568 thousand to total revenues, demonstrating CACI's commitment to serving clients beyond U.S. borders.
Financial Stability and Growth
CACI maintains a robust financial position, with total assets of $7,183,063 thousand as of September 30, 2024. This financial stability supports the company's vision by providing the necessary resources to invest in new technologies and capabilities.
Strategic Backlog Management
| Type of Backlog | Amount (in billions) |
|---|---|
| Total Backlog | $32.4 |
| Funded Backlog | $4.3 |
| Unfunded Backlog | $28.1 |
As of September 30, 2024, CACI reported a total backlog of $32.4 billion, a significant increase of 21.3% from the previous year. This backlog highlights the company's ability to secure future revenue streams and underscores its long-term growth strategy.
Workforce Development
CACI recognizes the importance of developing a skilled workforce to achieve its vision. The company's emphasis on hiring personnel with specific security clearances and expertise is crucial for maintaining competitive advantage in the defense contracting sector.
Conclusion
Through its vision statement, CACI International Inc (CACI) demonstrates a clear commitment to innovation, national security, and operational excellence. The company's financial growth, strategic backlog management, and focus on workforce development are integral to realizing its vision as of 2024.
Core Values of CACI International Inc (CACI)
Integrity
Integrity is a fundamental core value at CACI International Inc. It underscores the company's commitment to ethical conduct in all its operations, ensuring trust among clients, employees, and stakeholders.
As part of its integrity initiatives, CACI has implemented a comprehensive ethics training program that includes regular updates and assessments. In 2024, 100% of employees participated in ethics training, reinforcing the company's dedication to maintaining high ethical standards.
Additionally, CACI has established a whistleblower policy that encourages employees to report unethical behavior without fear of retaliation. The company reported receiving 15 whistleblower complaints in 2023, with 100% of these cases being investigated promptly.
Innovation
Innovation is another core value that drives CACI's operations, fostering a culture that embraces new ideas and technologies to enhance service delivery.
In 2024, CACI invested approximately $100 million in research and development, focusing on advanced technologies such as artificial intelligence and cybersecurity. The company has also launched several initiatives, including the CACI Innovation Lab, where employees can collaborate on developing cutting-edge solutions for clients.
Moreover, CACI's commitment to innovation is evident in its recent contract wins, which included a $500 million project to modernize the U.S. military's communication systems.
Customer Focus
Customer focus is central to CACI's mission, prioritizing client needs and ensuring satisfaction through tailored solutions.
In 2024, CACI achieved a customer satisfaction rating of 92%, reflecting its dedication to exceeding client expectations. The company employs a customer feedback mechanism that allows clients to provide input on services, which is then used to enhance service delivery.
In addition, CACI has established strategic partnerships with key clients, resulting in a 15% increase in contract renewals compared to the previous year.
Collaboration
Collaboration is a core value that emphasizes teamwork and partnership within the organization and with external stakeholders.
CACI has implemented cross-functional teams that work on major projects, resulting in improved project delivery times by 20% in 2024. The company's collaborative culture is further supported by regular team-building activities, which have led to a 10% increase in employee engagement scores.
Furthermore, CACI's collaboration extends to the community, where it engages in various outreach programs, fostering relationships with local organizations and educational institutions.
Excellence
Excellence is the cornerstone of CACI's operational philosophy, driving the company to deliver high-quality services consistently.
In 2024, CACI received multiple industry awards recognizing its excellence in service delivery, including the prestigious "Best Places to Work" award. The company has also set performance metrics that have resulted in a 25% increase in project completion rates on time and within budget.
Moreover, CACI's commitment to excellence is reflected in its investment in employee training and development, with over $10 million allocated for professional development programs this year.
| Core Value | Key Initiatives | 2024 Metrics |
|---|---|---|
| Integrity | Ethics training, whistleblower policy | 100% employee participation in ethics training |
| Innovation | Research and development, CACI Innovation Lab | $100 million invested in R&D |
| Customer Focus | Customer feedback mechanisms, strategic partnerships | 92% customer satisfaction rating |
| Collaboration | Cross-functional teams, community outreach | 20% improvement in project delivery times |
| Excellence | Performance metrics, employee training | 25% increase in project completion rates |
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Article updated on 8 Nov 2024
Resources:
- CACI International Inc (CACI) Financial Statements – Access the full quarterly financial statements for Q1 2025 to get an in-depth view of CACI International Inc (CACI)' financial performance, including balance sheets, income statements, and cash flow statements.
- SEC Filings – View CACI International Inc (CACI)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.