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CGI posts solid 2014 figures

Montreal: Canadian IT consultancy CGI reported 2014 net earnings up 88% to CAN$859.4 million, on revenue up 4% to $10.5 billion in the year to September 30th. "I am very pleased with the strong performance delivered in the fourth quarter and throughout fiscal 2014," said Michael Roach, President and Chief Executive Officer. "After two years and an investment of $575 million, the Logica integration program is complete, yielding annual cost synergies in excess of $400 million. Since closing the acquisition, CGI earnings per share have grown by more than 85%. We remain focused on achieving further accretion by realizing incremental cost and revenue synergies. In summary, we begin fiscal 2015 in an excellent position strategically, operationally and financially."

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