CGI Group Inc (GIB) reported quarterly earnings results on Wednesday, Apr-27-2016. The company said it had a profit of $0.90 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.88. The company posted revenue of $2750.00 million in the period, compared to analysts expectations of $2737.20 million. The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 EPS.
Many Wall Street Analysts have commented on CGI Group Inc. CGI Group Inc was Downgraded by Desjardins to ” Hold” on Apr 13, 2016.
CGI Group Inc closed down -0.63 points or -1.30% at $47.77 with 2,58,166 shares getting traded on Friday. Post opening the session at $48.34, the shares hit an intraday low of $47.43 and an intraday high of $48.75 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
CGI Group Inc (CGI) is a Canada-based company that provides information technology (IT) consulting systems integration IT outsourcing and business solutions. The Company’s delivery model provides for work to be carried out onsite at client premises or through its centers located globally. In addition CGI has a range of business solutions which helps its clients and shareholders. CGI has a range of business solutions which helps its clients and shareholders. It includes Momentum CGI Advantage and Credit Services Solutions. CGI offers its end-to-end services to a focused set of industry vertical markets such as financial services government health telecommunications and utilities and manufacturing retail and distribution (MRD). The Company provides a full range of IT and management consulting services including business transformation IT strategic planning business process engineering and systems architecture.