CGI: Q3 Earnings Insights

Shares of CGI GIB were flat in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share fell 8.60% year over year to $0.85, which beat the estimate of $0.82.

Revenue of $2,202,000,000 declined by 7.13% year over year, which missed the estimate of $2,260,000,000.

Outlook

CGI hasn't issued any earnings guidance for the time being.

CGI hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Jul 29, 2020

Time: 09:00 AM

ET Webcast URL: https://www.icastpro.ca/events/cgi/2020/07/29/cgi-s-third-quarter-f2020-results

Recent Stock Performance

Company's 52-week high was at $87.12

Company's 52-week low was at $46.32

Price action over last quarter: Up 1.88%

Company Profile

CGI Group is a Canada-based IT-services provider with an embedded position in North America and Europe. The company generates more than CAD 12 billion in annual revenue, employs over 77,000 personnel, and operates across 400 offices in 40 countries. CGI offers a broad portfolio of services such as consulting, systems integration, application maintenance, and business process outsourcing. The company's largest vertical market is government, which contributes around 33% of group revenue.