SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q

QUARTERLY REPORT UNDER SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934

For the Quarter Ended September 30, 2000

Commission File Number 0-8401

   CACI International Inc   
(Exact name of registrant as
specified in its charter)

              Delaware              
(State or other jurisdiction of
incorporation or organization)

                  54-1345888                  
(I.R.S. Employer Identification No.)

1100 North Glebe Road, Arlington, VA 22201
(Address of principal executive offices)

           (703) 841-7800           
(Registrant's telephone number,
including area code)

Securities registered pursuant to Section 12(b) of the Act:

Securities registered pursuant to Section 12(g) of the Act:

CACI International Inc Common Stock, $0.10 par value
(Title of each class)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes   X   No      .

Indicate the number of shares outstanding of each of the registrant's classes of common stock, as of September 30, 2000: CACI International Inc Common Stock, $0.10 par value, 11,253,998 shares.

CACI INTERNATIONAL INC AND SUBSIDIARIES

PART 1

FINANCIAL INFORMATION

Item 1. Financial Statements

CACI INTERNATIONAL INC AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
(dollars in thousands, except per share data)

See notes to condensed consolidated financial statements (unaudited)

CACI INTERNATIONAL INC AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(dollars in thousands)

See notes to condensed consolidated financial statements (unaudited)

CACI INTERNATIONAL INC AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
(dollars in thousands)

See notes to condensed consolidated financial statements (unaudited).

CACI INTERNATIONAL INC AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)
(dollars in thousands)

CACI INTERNATIONAL INC AND SUBSIDIARIES
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

Results of Operations For the Three Months Ended September 30, 2000 and 1999.

Revenues.   The table below sets forth revenues by customer segment with related percentages of total revenues for the three months ended on September 30, 2000 (FY2001) and September 30, 1999 (FY2000), respectively:

(dollars in thousands)
	First Quarter
		FY2001					FY2000
Department of Defense	$	67,285		53.3	%		$	61,933		52.2	%
Federal Civilian Agencies		37,048		29.3	%		$	31,164		26.3	%
Commercial		16,522		13.1	%		$	16,285		13.7	%
State & Local Governments		5,440		4.3	%		$	9,307		7.8	%
Total	$	126.295		100.0	%		$	118,689		100.0	%

For the three months ended September 30, 2000, the Company's total revenue increased by 6.4%, or $7.6 million, over the same period last year. Revenue growth in the first quarter came primarily from both Department of Defense and Federal Civilian Agencies, partly offset by the reduced level of Y2K work in the State and Local overnments business. The April 11, 2000 acquisition of substantially all of the assets of Century Technologies, Incorporated (CENTECH)("CENTECH") contributed $6.6 million, and XEN Corporation ("XEN"), acquired February 1, 2000, contributed $2.2 million in revenue in the first three months of FY2001.

Department of Defense ("DoD") revenue increased 8.6%, or $5.4 million, in the first quarter of FY2001 as compared to the same period a year ago. This growth was due in part to higher levels of systems integration and managed network services business, as well as increased use of the GSA schedule contracts.

Revenue from Federal Civilian Agencies increased 18.9%, or $5.9 million, for the first three months of FY2001 as compared to FY2000. Approximately 50.3% of Federal Civilian Agency revenue is derived from the Department of Justice ("DoJ") in providing litigation support services and in developing and deploying an automated debt collection system. Revenue for DoJ was $18.6 million for the first quarter of FY2001, as compared to $19.0 million for the same period a year ago. The overall increase in Federal Civilian Agency revenue was mainly generated from continued growth in managed network services and GSA schedule contracts.

Commercial revenue, which is primarily derived from the Marketing Systems Group ("MSG") in the United Kingdom, increased slightly from $16.3 million in the first quarter of FY2000 to $16.5 million in the first quarter of FY2001. Although the MSG business decreased, largely due to the impact of foreign exchange fluctuations, this was offset by an increase in commercial business in the United States.

Revenue from State and Local Governments decreased $3.9 million, or 41.5%, for the first quarter of FY2001 versus FY2000, primarily due to the reduced level of Y2K business.

The following table sets forth the relative percentage that certain items of expense and earnings bore to revenues for the quarter ended September 30, 2000 and September 30, 1999, respectively.

Income from Operations.  Income from Operations increased 1.3%, to $7.8 million, for the first quarter of FY2001 as compared to FY2000.

As percentage of revenue, direct costs were 60.1% and 58.7% for the quarters ended September 30, 2000 and 1999, respectively. Direct costs include direct labor and other direct costs such as equipment purchases, subcontractor costs and travel expenses. The largest component of direct costs, direct labor, was $39.6 million and $34.5 million for the first quarters of FY2001 and FY2000, respectively. Other direct costs increased 3.4%, to $36.4 million, in FY2001 compared to $35.2 million in the prior year.

Indirect costs and selling expenses include fringe benefits, marketing, and bid and proposal costs, indirect labor, and other discretionary costs, most of which are highly variable. As a percentage of revenue, indirect costs have slightly decreased due to the impact of higher other direct costs on revenue for the first quarter of FY2001.

Depreciation and amortization expense increased by $111 thousand as compared to the same period a year ago. This growth was primarily due to purchases of computer equipment and software licenses.

Goodwill amortization expense has increased in the first quarter of FY2001 by $237 thousand compared to the same period a year ago, due primarily to the XEN and CENTECH acquisitions in the prior fiscal year.

Interest Expense.  Interest expense decreased $459 thousand for the first quarter of FY2001. This decrease was due primarily to the reduction of the Company's line of credit balances using the proceeds from the sale of the COMNET products business in December 1999. For the first three months of FY2001, average borrowings were $37.7 million versus $65.4 million for the same period a year ago.

Income Taxes.  The effective income tax for the first three months of FY2001 and FY2000 was 39%.

Liquidity and Capital Resources

Historically, the Company's positive cash flow from operations and available credit facilities have provided adequate liquidity and working capital to fully fund the Company's operational needs and support its acquisition activites. Working capital was $75.3 million and $69.8 million as of September 30, 2000 and June 30, 2000, respectively. The increase in working capital in the first three months of FY2001 is due primarily to the Company borrowing under its line of credit to reduce accounts payable and accrued expenses from the prior fiscal year. Cash used in operating activities increased from $0.6 million in the first quarter of FY2000 to $1.4 million in FY2001. The increase over last year was due primarily to cash disbursements of post retirement benefits and higher accounts receivables which were generated from increased revenues.

The Company used $4.3 million in investing activities in the first quarter FY2001 versus $2.8 million used in FY2000. The increase in investing activities was primarily due to additional capitalized asset purchases, which consisted primarily of computer software to support the Company's e-Business. The Company financed its investing activities primarily from an increase in borrowing of $8.9 million under its line of credit.

During the three months ended September 30, 2000, the Company's financing activities provided cash of approximately $4.4 million, primarily from an $8.9 million increase in borrowings under the Company's revolving line of credit, net of the purchase of 238,000 shares of treasury stock for $4.6 million.

The Company maintains an unsecured revolving line of credit which expires on June 19, 2003. The agreement permits borrowings of up to $125 million with annual sublimits on amounts borrowed for acquisitions. The Company also maintains a 500,000 British pound sterling unsecured line of credit in London, England, which expires in November 2000. At September 30, 2000, the Company had approximately $88.7 million available for borrowings under its lines of credit.

The Company believes that the combination of internally generated funds, available bank borrowings and cash on hand will provide the required liquidity and capital resources for the foreseeable future.

PART II

OTHER INFORMATION

Item 1. Legal Proceedings

John Chrysogelos v. V. L. Salvatori, et al

Reference is made to Part II, Item 1, Legal Proceedings, in the Registrant's Report on Form 10-K for the year ended June 30, 2000 for the most recent information concerning this lawsuit filed in the Chancery Court for the State of Delaware on September 3, 1999. The suit sets forth both class and derivative claims alleging that the Registrant's Directors breached their fiduciary and other duties to the Registrant and its stockholder actions by (i) adopting by-law amendments specifying procedures for stockholder actions by consent and calling of special meetings; and (ii) failing to evaluate and fairly respond to a premium cash offer to purchase the stock of the Registrant.

Since the filing of Registrant's report indicated above, there has been no change in the status of the litigation.

Parsow Partnership, Ltd., et al v. J. P. London, et al

Reference is made to Part II, Item 1, legal Proceedings, in the Registrant's Report on Form 10-K for the year ended June 30, 2000 for the most recent information concerning the lawsuit filed in the Chancery Court for the State of Delaware on November 10, 1999. The suit alleges that the Board of Directors and senior management of the Registrant had solicited proxies in violation of Section 14 (a) and 20 (2) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rule 14 (a-9) promulgated thereunder.

Since the filing of the Registrant's report indicated above, the parties have been engaged in settlement discussions.

Item 5. Other Information

Forward Looking Statements

There are statements made herein which may not address historical facts and, therefore, could be interpreted to be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. The factors that could cause actual results to differ materially from those anticipated include, but are not limited to, the following: regional and national economic conditions in the United States and/or United Kingdom; changes in interest rates; currency fluctuations; failure to achieve contract awards in connection with recompetes for present business and/or competition for new business; the risks and uncertainties associated with client interest in and purchases of new products and/or services; continued funding of U.S. Government or other public sector projects in the event of a priority need for funds; government contract procurement (such as bid protest) and termination risks; individual business decisions of our clients; paradigm shifts in technology; competitive factors such as pricing pressures and/or competition to hire and retain employees; our ability to complete acquisitions and/or divestitures appropriate to achievement of our strategic plans; material changes in laws or regulations applicable to our businesses; our own ability to achieve the objectives of near term or long range business plans; and other risks described in the Company's Securities and Exchange Commission filings.

Item 6. Exhibits and Reports on Form 8-K

CACI INTERNATIONAL INC AND SUBSIDIARIES
INDEX TO EXHIBITS

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.