CGI Group fourth-quarter profit and revenue rises from year ago

George Schindler, CEO of CGI, speaks at the company's annual general meeting in January 2018. , Courtesy of CGI

The Canadian Press

Nov 7, 2018

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MONTREAL -- CGI Group Inc. topped expectations as it reported its fourth-quarter profit and revenue grew compared with a year ago.

The IT and business consulting firm says it earned $293.5 million or $1.03 per diluted share for the quarter ended Sept. 30.

That compared with profit of $208.5 million or 70 cents per share in the same quarter last year.

Revenue totalled nearly $2.8 billion, up from nearly $2.61 billion in the fourth quarter last year.

Excluding specific items, CGI says it earned $309.8 million or $1.09 per diluted share, up from $275.7 million or 93 cents per share a year ago.

Thomson Reuters Eikon says analysts on average had expected a profit of $1.07 per share for the quarter.