November 10, 2011 / 11:55 AM / 6 years ago

UPDATE 1-CGI Group Q4 profit falls on restructuring charge

(Follows alerts)

Nov 10 (Reuters) - CGI Group , Canada’s largest technology outsourcing and consulting company, posted a 13 percent fall in fourth-quarter profit, hurt by a restructuring charge.

The net profit was C$73.1 million, or 27 Canadian cents a share, compared with C$84.1 million, or 30 Canadian cents a share, last year.

The company took a charge of C$45.4 million related to the advancement of real estate consolidation plans, workforce adjustments and a non-cash impairment charge.

Excluding items, the company posted a net profit of C$104.8 million, a 4 percent rise from last year.

Revenue rose 2 percent to C$1.03 billion. (Reporting by Aftab Ahmed in Bangalore; Editing by Maju Samuel)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below