MONTREAL – CGI Group Inc. on Wednesday reported fiscal second-quarter profit of 282.7 million Canadian dollars (U.S. $217 million).
On a per-share basis, the Montreal-based company said it had net income of 90 Canadian cents (69 cents). Earnings, adjusted for non-recurring gains, came to 86 Canadian cents per share (66 cents per share).
The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 65 cents per share.
The information technology and business process services company posted revenue of 2.75 billion Canadian dollars ($2.11 billion) in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $2.01 billion.
CGI shares have risen 19 per cent since the beginning of the year. The stock has risen slightly more than 6 per cent in the last 12 months.
Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GIB at http://www.zacks.com/ap/GIB
Keywords: CGI Group, Earnings Report
This story has been corrected to show that CGI Group reported in Canadian dollars, and that results topped U.S. dollar estimates. Revenue, net income and earnings per share have all been corrected. The currency conversion reflects the exchange rate as of March 31, the end of the company’s second quarter.