CGI Group Inc. (NYSE: GIB) released its financial results for fiscal year 2011 ended Sept. 30, 2011.
CGI President and CEO Michael Roach reported CGI Federal delivered a record book-to-bill ratio of 269 percent in the fourth quarter of fiscal 2011.
CGI booked $1.4 billion in new contract signings during the quarter, or 143 percent of revenue. For fiscal 2011, CGI booked $4.7 billion in new contract signings, or 113 percent of revenue. New contract signings for fiscal 2011 increased 5 percent from fiscal 2010.
“We remain convinced that CGI is well-positioned to continue growing our government business globally, and specifically in the US as the flow of contract awards returns to more normalized levels, ” Roach added.
For fiscal 2011, CGI reported profits of $425.4 million compared with $354.7 million in fiscal 2010, an increase of 19.9 percent.
The company reported revenue of $4.2 billion in fiscal 2011 compared with $3.6 billion in fiscal 2010, representing an increase of approximately 15.8%.
