Consulting firm CGI reports Q1 profit and revenue up year-over-year

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MONTREAL - CGI Inc. reported its first-quarter profit and revenue rose compared with a year ago.

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Hey there, time traveller!
This article was published 31/01/2024 (675 days ago), so information in it may no longer be current.

MONTREAL – CGI Inc. reported its first-quarter profit and revenue rose compared with a year ago.

The Montreal-based business and technology consulting firm says it earned $389.8 million or $1.67 per diluted share for the quarter ended Dec. 31.

The result compared with a profit of $382.4 million or $1.60 per diluted share in the same quarter a year earlier.

Signage from a CGI office is shown in Montreal, Tuesday, Jan. 30, 2024.CGI Inc. reported its first-quarter profit and revenue rose compared with a year ago. THE CANADIAN PRESS/Christinne Muschi
Signage from a CGI office is shown in Montreal, Tuesday, Jan. 30, 2024.CGI Inc. reported its first-quarter profit and revenue rose compared with a year ago. THE CANADIAN PRESS/Christinne Muschi

CGI says it its profit excluding specific items amounted to $1.83 per diluted share, up from $1.66 per diluted share a year earlier.

Revenue for the three-month period totalled $3.60 billion, up from $3.45 billion a year earlier.

Excluding foreign currency variations, CGI says revenue grew by 1.5 per cent year-over-year.

This report by The Canadian Press was first published Jan. 31, 2024.

Companies in this story: (TSX:GIB.A)

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