MONTREAL (AP) — MONTREAL (AP) — CGI Group Inc. (GIB) on Wednesday reported fiscal fourth-quarter profit of $309 million.
The Montreal-based company said it had profit of $1.31 per share. Earnings, adjusted for non-recurring costs, were $1.33 per share.
The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of $1.33 per share.
The information technology and business process services company posted revenue of $2.61 billion in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $2.62 billion.
For the year, the company reported profit of $1.21 billion, or $5.09 per share. Revenue was reported as $10.6 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GIB at https://www.zacks.com/ap/GIB