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CGI Revenue Up 1.6% for Q3 2013

CGI-logoCGI Group Inc. (NYSE: GIB) has announced its fiscal 2013 third quarter results, reporting $2.5 billion in revenue or 1.6 percent sequential growth year-over-year.

The company’s earnings before interest and taxes were up 11.3 percent to $283 million from $132.5 million in the prior year period, CGI said Wednesday.

CGI reported net revenue totaling $195 million, including $52 million in integration costs and $14.5 million of tax incentives, and diluted earnings per share of 61 cents.

Third quarter operations yielded $129.5 million in cash, which accounts for acquisition and integration costs, or $2.47 per diluted share.

CGI won $2.7 billion in new and extended contracts during the quarter, representing a 101 percent increase in revenue.

Total signed order backlogs by the end of June reached $18.2 billion compared with $707.9 million in the previous year.

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