CGI Group (GIB) Tops Q4 EPS by 27c, Revenues Beat

CGI Group (NYSE: GIB) reported Q4 EPS of $1.09, $0.27 better than the analyst estimate of $0.82. Revenue for the quarter came in at $2.8 billion versus the consensus estimate of $2.26 billion.

• Revenue of $2.8 billion, up 7.3% or 5.0% in constant currency;
• Adjusted EBIT of $435.7 million, or 15.6% of revenue;
• Net earnings of $293.5 million, or 10.5% of revenue;
• Net earnings excluding specific items* of $309.8 million, or 11.1% of revenue;
• Diluted EPS of $1.03, up 47.1%;
• Diluted EPS excluding specific items* of $1.09, up 17.2%;
• Cash provided by operating activities of $340.4 million or 12.2% of revenue; and,
• Bookings of $3.5 billion, or 126.2% of revenue.

"The fourth quarter results demonstrate our ongoing ability to create value for all three stakeholders through the disciplined implementation of our build and buy strategy," said George D. Schindler, President and Chief Executive Officer. "Building on this momentum and as we look ahead to fiscal 2019, we are well positioned – strategically, operationally, and financially – to deliver EPS expansion, and remain an active consolidator in markets around the world."

For earnings history and earnings-related data on CGI Group (GIB) click here.

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