Canada’s largest computer consulting firm CGI Group, Inc. declared its third-quarter profit on July 31.  The computer consulting firm said it would increase its presence in the U.S. market because of its higher profit margins resulting from cutting 600 jobs last year.  Its earnings rose 79 percent and its debt lowered.

Still CEO of the computer consulting business Michael Roach hopes to get rid of a gap between CGI’s revenue and profits by continuing to talk through its business strategies and which qualities make it stand out from competition within the U.S. market.  It will focus efforts on important investors.  

CGI’s U.S. growth rate is larger than that of the company as a whole and grew ten percent in the third quarter alone.  The computer consulting company will have its first investor day in New York in the fall.

CGI has plans to double in size in the next five years and look for acquisitions in the U.S. and Western Europe.   The company earned $64.4 million in the third quarter, up from $35.9 million during the same time period last year.  Reuters estimates that the company will get up to 18 cents per share before one-time items on a revenue of $937.7 million.

The computer consulting business is based in Montreal.  For more detailed information about its earnings, visit the attached link.  

Blogged By:  Joshua Feinberg