CGI: Q1 Earnings Insights

Shares of CGI GIB rose 0.1% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share rose 7.37% year over year to $1.02, which beat the estimate of $0.82.

Revenue of $2,316,000,000 decreased by 1.53% from the same period last year, which beat the estimate of $2,260,000,000.

Outlook

CGI hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: Jan 27, 2021

Time: 09:00 AM

ET Webcast URL: https://www.icastpro.ca/events/cgi/d55ivp/2021/01/27/cgi-s-first-quarter-f2021-results

Price Action

Company's 52-week high was at $87.12

52-week low: $46.32

Price action over last quarter: Up 14.77%

Company Overview

CGI Group is a Canada-based IT-services provider with an embedded position in North America and Europe. The company generates more than CAD 12 billion in annual revenue, employs over 77,000 personnel, and operates across 400 offices in 40 countries. CGI offers a broad portfolio of services such as consulting, systems integration, application maintenance, and business process outsourcing. The company's largest vertical market is government, which contributes around 33% of group revenue.