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CGI reports $372M Q2 profit, up from $341.2M a year earlier, revenue also climbs

Canadian Press - Wed Apr 27, 7:33AM CDT
CGI offices are shown in Montreal, Wednesday, February 2, 2022. CGI Inc. reported a profit of $372.0 million in its latest quarter, up from $341.2 million a year earlier, as its revenue grew six per cent. CANADIAN PRESS/Graham Hughes

MONTREAL — CGI Inc. reported a profit of $372 million in its latest quarter, up from $341.2 million a year earlier, as its revenue grew six per cent.

The business technology and consulting firm says the profit amounted to $1.53 per diluted share for the quarter ended March 31, up from $1.34 per diluted share a year earlier.

Revenue in what was the second quarter of CGI's financial year totalled $3.27 billion, up from $3.08 billion in the same quarter last year.

On a constant currency basis, CGI says revenue grew by 10 per cent year over year.

The company's profit excluding specific items amounted to $1.53 per diluted share, up from $1.35 a year earlier.

Analysts on average had expected a profit of $1.51 per share and $3.19 billion in revenue, according to financial markets data firm Refinitiv.

This report by The Canadian Press was first published April 27, 2022.

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