NEW YORK – Shares of CGI Group traded higher Wednesday after the Canadian information technology and business process service company reported a jump in bookings and its backlog grew during its third quarter.
Converting to U.S. dollars from Canadian dollars, CGI reported net income of $212.4 million, or 69 cents per share. Revenue grew 4 percent to $2.07 billion. It said contract bookings climbed 32 percent compared to a year ago. The company also reported a backlog of $20.6 billion, up $916.6 million.
According to Zacks Investment Research, analysts expected net income of 70 cents per share on $2.14 billion in revenue.
Class A shares of CGI Group Inc. gained $1.48, or 3.3 percent, to $46.11 in early trading. The stock has risen 15 percent in 2016.
Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GIB at http://www.zacks.com/ap/GIB
Keywords: CGI Group, Earnings Report