April 30 (Reuters) - Canadian information technology services provider CGI Group Inc’s quarterly net profit more than doubled on the back of a 7 percent rise in revenue.
CGI is a former Obamacare contractor and lost the contract to manage the rollout of Obamacare after a botched launch.
The company’s net profit in the second quarter rose to C$230.9 million ($210.6 million), or 73 Canadian cents per share, from C$114.2 million, or 36 Canadian cents per share.
During the quarter, the company booked $2.9 billion in contract awards, of which 40 percent was new business. Bookings is an indicator of future sales.
Revenue rose to $2.7 billion.
$1 = 1.0966 Canadian Dollars Reporting by Sayantani Ghosh in Bangalore; Editing by Maju Samuel