CGI: Fiscal 2Q Earnings Snapshot

MONTREAL (AP) _ CGI Group Inc. (GIB) on Wednesday reported fiscal second-quarter earnings of $239.4 million.

The Montreal-based company said it had net income of 86 cents per share. Earnings, adjusted for non-recurring costs, were 88 cents per share.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 89 cents per share.

The information technology and business process services company posted revenue of $2.31 billion in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $2.33 billion.

CGI shares have climbed 17% since the beginning of the year. The stock has increased 24% in the last 12 months.

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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