CGI: Fiscal Q4 Earnings Snapshot

    MONTREAL (AP) — MONTREAL (AP) — CGI Group Inc. (GIB) on Wednesday reported fiscal fourth-quarter net income of $329.2 million.

    The Montreal-based company said it had net income of $1.60 per share. Earnings, adjusted for non-recurring costs, came to $1.65 per share.

    The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.64 per share.

    The information technology and business process services company posted revenue of $2.96 billion in the period.

    For the year, the company reported profit of $1.31 billion, or $6.18 per share. Revenue was reported as $11.94 billion.

    _____

    This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GIB at https://www.zacks.com/ap/GIB

    Source

    Latest Posts