CGI GROUP INC. $39 (Toronto symbol GIB.A; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 311.7 million; Market cap: $12.2 billion; Price-to-sales ratio: 1.2; No dividends paid; TSINetwork Rating: Extra Risk; www.cgi.com) is a leading provider of computer outsourcing services. It helps its clients automate certain routine functions, like accounting and buying supplies. That lets companies improve their efficiency and focus on their main businesses.
CGI continues to benefit from Logica plc, a U.K.-based computer-outsourcing firm it bought for $2.7 billion in 2012.
In its 2014 third quarter, which ended June 30, 2014, CGI’s earnings rose 14.7%, to $229.8 million, or $0.72 a share. A year earlier, it earned $200.4 million, or $0.63. Revenue gained 3.9%, to $2.7 billion from $2.6 billion.
New contracts in the U.S., U.K. and other parts of Europe are helping offset lower sales in Canada and Asia. The weaker Canadian dollar is also lifting the contribution of CGI’s overseas operations.
The company now expects to save $375 million a year by cutting overlapping functions with Logica, up from its original goal of $300 million.
These savings should increase CGI’s projected earnings from $2.83 a share in fiscal 2014 to $3.17 in 2015. The stock trades at just 12.3 times the 2015 forecast.
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Privacy Policy and Terms of Use
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
This privacy policy is applicable to all TSI Network Visitors, Clients, Employees, Suppliers, Web sites, Management, and all other interested parties. Any links to or from our site are not covered by this policy. We encourage you to read the privacy policies of every site that you visit.
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We do not collect or disclose personal information, except when it is provided to us voluntarily by the site/store visitor with their consent.
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We are continuously in the process of improving our sites and services. If any new features or policies require a change to this current policy, we will post a clear notice of this change on pages of our site where the privacy policy appears. The principle behind this privacy policy is to collect information with your knowledge and consent.
What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Changes to this Policy
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TSI Network may revise this Policy from time to time.
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