Topic: How To Invest

The Successful Investor Hotline – Friday, July 29, 2016

Article Excerpt

CGI GROUP INC., $63.39, Toronto symbol GIB.A, is Canada’s largest provider of computer-outsourcing services. It helps its clients automate routine functions such as accounting and buying supplies. That makes companies more efficient and lets them focus on their main businesses. In its 2016 third quarter, which ended June 30, 2016, CGI earned $273.8 million. That’s a 6.5% increase from the $257.2 million it earned a year earlier. Per-share profits jumped 11.3%, to $0.89 from $0.80, on fewer shares outstanding. The consensus estimate had been for $0.88. Revenue improved 4.2%, to $2.67 billion from $2.56 billion. The consensus forecast was for $2.6 billion. The gain is mainly due to the weaker Canadian dollar, which increased the contribution of the company’s overseas sales. If you exclude currency gains, revenue rose 0.6%. In the latest quarter, higher revenue in France, the U.K. and Asia offset falling contributions from Canada, the U.S., Nordic countries…