CACI International Inc (NYSE: CACI), a leading provider of expertise and technology to government enterprise and mission customers, announced results for its second fiscal quarter ended December 31, 2020.
Revenue in Q2 FY21 increased 5.2% year-over-year as reported and 4.3% organically. The year-over-year increase in operating income was driven by higher revenue, strong operating performance, favorable fixedprice contract performance, and lower indirect costs.
The year-over-year increase in net income was due to higher operating income and lower interest expense, partially offset by a higher effective tax rate. The increase in cash from operations, excluding MARPA, was driven by higher net income and favorable working capital management.