CGI Group Inc (GIB) Releases Earnings Results, Beats Expectations By $0.01 EPS

CGI Group Inc (GIB) reported quarterly earnings results on Wednesday, Jul-27-2016. The company said it had a profit of $0.89 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.88. The company posted revenue of $2667.10 million in the period, compared to analysts expectations of $2661.63 million. The company’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 EPS.

Many Wall Street Analysts have commented on CGI Group Inc. CGI Group Inc was Upgraded by Desjardins to ” Buy” on May 27, 2016.

CGI Group Inc opened for trading at $47.55 and hit $48.99 on the upside on Thursday, eventually ending the session at $48.9, with a gain of 2.26% or 1.08 points. The heightened volatility saw the trading volume jump to 2,27,190 shares. Company has a market cap of $14,805 M.

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.

CGI Group Inc

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