CGI reports $318.3M Q2 profit, up from $274.4M a year ago; revenue also higher

CGI reports $318.3M Q2 profit, up from $274.4M a year ago; revenue also higher
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MONTREAL — CGI Inc. reported a second-quarter profit of $318.3 million, up from $274.4 million a year earlier, as revenue improved.

The technology consulting firm says the profit amounted to $1.14 per diluted share for the three months ended March 31, up from 94 cents per diluted share a year ago.

Revenue totalled $3.07 billion, up from $2.95 billion in the same quarter last year.

Excluding specific items, CGI says it earned $324.5 million or $1.17 per diluted share for its most recent quarter compared with a profit of $303.2 million or $1.04 per diluted share a year earlier.

Analysts on average had expected a profit of $1.17 per share and $3.06 billion in revenue for the quarter, according to Thomson Reuters Eikon.

Earlier this year, CGI acquired Swedish technology consulting company Acando in a deal it valued at $614.7 million, including debt.

Companies in this story: (TSX:GIB.A)

The Canadian Press

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