CGI Group News
News on CGI Group (Ticker: GIB) continually updated from thousands of sources around the net.
Friday Aug 22 | The Honolulu Advertiser
UnitedHealth Group Inc., the nation's largest medical insurer, cleaned up the mess that CGI made with the national healthcare.gov website and has been the go-to company for several states -- including Maryland, Massachusetts and Minnesota -- to salvage their online health insurance marketplaces.
The price tag for healthcare.gov, the Obamacare website, is approaching $1 billion even as key features remain incomplete, congressional auditors said.
CGI Group issued its quarterly earnings data on Wednesday. The company reported $0.72 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.73 by $0.01, American Banking News reports.
CGI Group Inc. remains keen to "pull the trigger" on another acquisition and has the financial resources to do so, says chief executive officer Michael Roach.
Revenue of $2.7 billion, up 3.9%; -- Adjusted EBIT of $342.2 million, up 17.5%; -- Adjusted EBIT margin of 12.8%, up 150 basis points; -- Net earnings of $225.1 million, or diluted EPS of $0.71; -- Net earnings of $229.8 million excluding specific items, or diluted EPS of $0.72; -- Cash provided by operating activities of $345.9 million, up 159.7%; ... (more)
Note: All figures in Canadian dollars. Q3-F2014 MD&A, interim condensed consolidated financial statements and accompanying notes can be found at http://www.cgi.com/investors and have been filed with both SEDAR in and EDGAR in the U.S. To access the financial results - click here To access the MD&A - click here in the year ago period.
Updated: Fri Aug 22, 2014 06:02 am
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