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
True Crime
The hottest stories ripped from the headlines, from crime to courts, legal and scandal.
By entering your email and clicking the Subscribe button, you agree to the Fox News Privacy Policy and Terms of Use, and agree to receive content and promotional communications from Fox News. You understand that you can opt-out at any time.
