May 6, 2009 / 11:39 AM / in 9 years

UPDATE 1-CGI Group posts higher quarterly profit

* Q2 EPS beats estimates

* Q2 revenue misses estimates

* Books C$1.68 billion in new contract wins

May 6 (Reuters) - Outsourcing company CGI Group Inc (GIBa.TO) reported a higher quarterly profit, driven by strong bookings.

CGI, Canada’s biggest computer consulting company, earned C$77.5 million ($65.96 million), or 25 Canadian cents a share, in the second quarter, compared with C$68.8 million, or 21 Canadian cents, a year earlier.

Revenue rose 2 percent to C$948.3 million.

Analysts were expecting earnings of 24 Canadian cents a share, before one-time items, on revenue of C$1 billion, according to Reuters Estimates.

During the quarter, the company booked C$1.68 billion in new contract wins.

$1=1.175 Canadian Dollar Reporting by S. John Tilak in Bangalore; Editing by Deepak Kannan

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