*** NEWS is already out - April 27th at 11:00 p.m. *** $0.16/sh!!!
CGI REPORTS CONTINUING STRONG GROWTH
IN SECOND QUARTER AND FIRST HALF OF FISCAL 1999
Montreal, April 28, 1999
Revenue increased 137.1%, EBITDA 170.3% and earnings 248.8%
in second quarter
CGI posted strong revenue and earnings growth in the second quarter ended March 31, 1999 and maintained its momentum in the first half of fiscal 1999. All dollar amounts are in Canadian dollars.
For the three months ended March 31,1999, CGI reported a 137.1% increase in revenue to $338.8 million, compared with $142.9 million in the same quarter of fiscal 1998. Earnings before interest, taxes, depreciation and amortization (EBITDA) increased 170.3% to $52.7 million, from $19.5 million a year ago. Net earnings increased 248.8% to $21.3 million or $0.16 per share, from $6.1 million ($0.05 per share) the previous year. The weighted average number of shares outstanding increased 17% to 134.0 million, primarily reflecting shares issued for acquisitions. Cash flow from operations increased 172.6% to $39.6 million, up from $14.5 million for the same period in 1998
cgi.ca |
