MONTREAL (AP) — MONTREAL (AP) — CGI Group Inc. (GIB) on Wednesday reported fiscal fourth-quarter profit of $277 million.
On a per-share basis, the Montreal-based company said it had profit of $1.25. Earnings, adjusted for non-recurring costs, came to $1.55 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.53 per share.
The information technology and business process services company posted revenue of $2.91 billion in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $2.93 billion.
For the year, the company reported profit of $1.19 billion, or $5.25 per share. Revenue was reported as $11.38 billion.
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