CACI International FY08 Annual Guidance Announcement - Final.

Original Source: FD (FAIR DISCLOSURE) WIRE

OPERATOR: Ladies and gentlemen, thank you for standing by and welcome to the CACI International FY 2008 guidance call. At this time, all lines are in a listen-only mode. Later we will announce the opportunity for questions and instructions will be given at that time. If you should need any assistance during the call today, please press star zero.

A special reminder to our media guests who are listening in. Please remember that during the question-and-answer portion of this call, we are only taking questions from analysts.

At this time, I would like to turn the conference call over to Dave Dragics, Senior Vice President of Investor Relations. Please go ahead, sir.

DAVE DRAGICS, SVP, IR, CACI INTERNATIONAL: Thank you Amy. Good morning, everyone. We are pleased that you are able to participate with us today. Last night after the market closed, we issued our fiscal year 2008 revenue and earnings guidance. We hope that you have had a chance to review it by now. As is our practice on these calls, we are providing presentation slides, and during our presentation, we will also make every effort to keep all of you on the same page as we are.

Before we begin, I would like to make our customary but important statement regarding CACI's written and oral disclosures and commentary. Because we are talking about guidance today, there will be statements in this call that do not address historical fact, and as such, constitute forward-looking statements under current law. These statements reflect our views as of today, and are subject to important factors that could cause our actual results to differ materially from what we say today.

Now, the primary factors that could cause our actual results to differ materially from those we anticipate are listed at the bottom of last evening's release, and are described on the Company's Securities and Exchange Commission's filings. And our Safe Harbor Statement is included on this exhibit, and should be incorporated as part of any transcript of this call.

Now to start, here is Jack London, our Chairman of the Board. Jack?

JACK LONDON, CHAIRMAN, CACI INTERNATIONAL: Thank you, Dave, and good morning, ladies and gentlemen. Thank you for joining us today to talk about CACI's guidance for fiscal year 2008. Next slide, please. As many of you already know, we recently announced our CEO transition plan. We have appointed Paul Cofoni, President and CEO of CACI International effective July 1st, starting CACI's fiscal year 2008. I will take the position and title of Executive Chairman, and continue as Chairman of the Board at CACI International. Paul will execute our strategy to align our people, the best, with our core competencies, innovative tools, and best value solutions to support our clients' vital missions, and set the stage for continued growth.

As CACI's Chairman of the Board, I will continue in my traditional role in the management of the Board and continue in my established public role, representing CACI to valued customers in the federal information technology industry. As part of the Board, l will oversee long-term strategic initiatives to ensure shareholder value, monitor our corporate development and M&A program, and partnership with Paul and the team.

Paul's appointment represents the next chapter in CACI's growth and enterprise success. He has assembled a world-class management team to move CACI to the next level in the federal IT industry. Paul is a veteran senior executive with outstanding leadership qualities. He has a large company management experience and credentials to achieve CACI's growth objectives, to help the government solve it's most challenging problems, and increase long-term shareholder value.

Paul shares and reinforces the values of our CACI culture with our emphasis on candor and integrity, a strong ethical ethos, and our intense focus on client quality service. He has the expertise and vision to continue CACI's legacy and take the company forward. I extend my heartiest congratulations to Paul and newly appointed members of the senior management team, Bill Fairl and Randy Fuerst. I am exceedingly proud to partner with them in our Company's growth and development.

And now here is Paul who will discuss his perspective on CACI's fiscal year 2008 guidance. Following that, CACI's Chief Financial Officer, Tom Mutryn, will provide our financial details, and President of U.S. Operations, Bill Fairl will give his operations overview. Paul and the team will then take your questions. Paul, over to you.

PAUL COFONI, PRESIDENT, CEO, CACI INTERNATIONAL: Thank you, Jack and good morning, everyone. Please turn to slide 4.

First of all, I want to thank Jack and the CACI Board of Directors for the opportunity to serve as President and Chief Executive Officer. I am really excited about leading our experienced management team and dedicated world-class employees. I am very pleased that I have had the opportunity to learn from Jack, and to be a part of something very special here at CACI.

Jack has built a strong organization and infrastructure with a remarkable cultural legacy, and one that all of us are proud to be associated with it. It is now our job to move it forward to further achievement. I also want to congratulate Bill Fairl on his new appointment as President of U.S. Operations. Bill has been a senior strategic leader at CACI for close to ten years, and has more than 35 years of experience in defense information technology.

He is a highly-qualified hands-on and experienced member of our executive leadership team, who knows how to get things done. His leadership as Chief Operating Officer has been instrumental to our growth. He is overseeing the development of software capabilities that have earned us high ratings from the Software Engineering Institute, providing a technical distinction that enhances our ability to compete for and win large-scale federal contracts. I commend Bill on his excellent service to CACI, and I look forward to his continuing contribution in his new and important role.

I would also like to offer my congratulations to Randy Fuerst as our new Chief Operating Officer. Randy is a proven performer who has spearheaded the successful growth of CACI's managed network services. With more than 26 years of experience in our industry, Randy is an established business leader who, excels at strategic planning, client services, and building outstanding organizations. Randy's teams have also earned high ratings from the Software Engineering Institute, and have been certified as meeting the rigorous ISO 20000 standard for IT services, establishing CACI as the first among federal service providers to have this credential.

I sincerely thank Bill and Randy for their many achievements on behalf of CACI, and I look forward to our continuing partnership. CACI begins our fiscal year 2008 focused on our opportunities, while fully aware of the challenges still present in our industry. We believe we are in the right areas of the government sector, Defense, Intelligence, Homeland Security, and modernization of government services, that we will see continued funding in growth in these areas. CACI's long-term prospects are excellent, our solutions are at the forefront of support for our nation's vital missions.

We also think it is important to note that our clients are waging a long war on global terrorism, in which freedom of millions is at stake. It is a struggle as critical and as challenging as the Cold War, and every battle that free nations undertaken to preserve democracy. CACI remains wholly dedicated to our clients in supporting their vital missions, as long as they need us, and as long as it takes to defeat the enemy. CACI is still operating in an environment where government dollars are being redirected, as they should be, to combat zone war fighters. As a result, spending on new programs has not returned to historic levels.

So we expect to see continued margin pressure in fiscal '08. But there are many good reasons to look forward to a positive future for CACI. Please turn to the next slide. We intend to aggressively compete …