MONTREAL (AP) — MONTREAL (AP) — CGI Group Inc. (GIB) on Wednesday reported fiscal first-quarter net income of $313.5 million.
The Montreal-based company said it had profit of $1.37 per share. Earnings, adjusted for non-recurring costs, came to $1.41 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.39 per share.
The information technology and business process services company posted revenue of $2.71 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $2.68 billion.
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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
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