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Spending Hike Propels Government Tech Firm.(B)(NYSE STOCKS IN THE NEWS)

Investor's Business Daily

| November 01, 2002 | COPYRIGHT 2002 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Craig Shaw

Caci International on Wednesday broke out of a long base tracing back to the first week of January. The stock gave back some of those gains Thursday, but held above its pivot on lighter trade.

The Arlington, Va.-based government information technology contractor suffered a profit decline in the June-ending fourth quarter, but still logged 38% earnings growth for the year. Growth is seen slowing to 15% the next two fiscal years.

Government tech spending hikes following the Sept. 11 attack have boosted companies like Caci. Its biggest customers include the Defense and Justice departments and the Federal Aviation ...

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