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CGI: Fiscal 4Q Earnings Snapshot

November 6, 2019 GMT

MONTREAL (AP) _ CGI Group Inc. (GIB) on Wednesday reported fiscal fourth-quarter net income of $245.5 million.

The Montreal-based company said it had profit of 90 cents per share. Earnings, adjusted for non-recurring costs, were 92 cents per share.

The results matched Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 92 cents per share.

The information technology and business process services company posted revenue of $2.24 billion in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $2.27 billion.

For the year, the company reported profit of $951.6 million, or $3.43 per share. Revenue was reported as $9.12 billion.

CGI shares have climbed 27% since the beginning of the year. The stock has risen 28% in the last 12 months.


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