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Nov 8, 2017

CGI Group reports Q4 profit down from year ago due to one-time charges

CGI Group Executive Chairman Serge Godin

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MONTREAL -- CGI Group Inc. says its fourth-quarter profit fell compared with a year ago as it was hit by one-time costs.

The consulting services firm says it earned $208.5 million or 70 cents per diluted share for the quarter, down from $274.4 million or 89 cents per share a year ago,

The most recent quarter included $65.3 million in restructuring costs and $1.9 million in acquisition-related and integration costs.

Excluding those charges, CGI says it earned $275.7 million or 93 cents per share for the quarter.

Revenue in the quarter totalled $2.61 billion, up from $2.58 billion.

CGI (GIBa.TO) provides technology and business consulting services around the world.