CGI Group Posts Rise In Q4 Revenue
Canadian company CGI Group (NYSE: GIB) reported a loss in the fourth quarter.
CGI posted a quarterly loss of C$168 million, or 58 Canadian cents a share, versus a year-ago profit of C$70 million, or 26 Canadian cents a share. Excluding one-time items, CGI's net earnings came in at $100.0 million, or 37 cents a share.
Its quarterly revenue surged 60.1% y/y to $1.6 billion.
CGI shares closed at $24.22 yesterday.
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