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CGI FY 2015 Earnings Top Wall Street Estimates, 4Q Number Beats Forecast

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CGI Group (NYSE: GIB) — one of 30 companies listed on Executive Mosaic’s GovCon Index — has reported earnings of $3.13 per share for the company’s 2015 fiscal year ended Sept. 30 to exceed the consensus Wall Street estimate by 2 cents and the prior year figure by 11.78 percent.

The Montreal-based technology services contractor posted fourth quarter earnings of 82 cents per share to top analysts’ forecasts by 2 cents and the prior year figure by 15.49 percent.

CGI also reported $753.22 million in full-year profit,  an 11.88-percent jump from 2014, and $7.76 billion in revenue for fiscal 2015 to show a 1.89-percent decline from 2014.

Revenue for the quarter increased 3.74 percent year-over-year to $1.95 billion and backlog as of Sept. 30 sat at $20.35 billion versus the $13.74 billion at the end of fiscal 2014.

Shares in CGI have gained 3.85 percent from the year’s start and are up 10.34 percent over 12 months.

(NOTE: CGI reported its earnings per share figure in U.S. currency and all other financial results in Canada’s dollar, which traded 75 cents versus the U.S. dollar at the time of publication Wednesday morning. We converted all results to U.S. currency for this story.)

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