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CGI: Fiscal 1Q Earnings Snapshot

MONTREAL (AP) _ CGI Group Inc. (GIB) on Wednesday reported fiscal first-quarter earnings of $235.7 million.

The Montreal-based company said it had profit of 84 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, were 85 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 84 cents per share.

The information technology and business process services company posted revenue of $2.24 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $2.23 billion.

CGI shares have risen 6 percent since the beginning of the year. The stock has increased 15 percent 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