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Gold/Mining/Energy : CGI Group (GIB.A) -

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To: The Coz who wrote (1153)	4/12/1999 12:27:00 AM
From: Sal Pugliese	Read Replies (2) of 1673

The Coz...I disagree... If you look at 1998 Q2 results. They had a revenue of $142.9 Million and net profits of 6.2 million. Note that profit margin was 4.3% and have been increasing every quarter...98 Q3,Q4 were 4.9% & 5.0% and were 5.5% in Q1 of 99. cgi.ca If you look at 99's Q1 results they had revenues of $334.3 million and net earnings of $18.2 million (with a margin of 5.5% as stated above). cgi.ca If you look at 99's Q1 revenue compared to 98's Q4... You'll notice an increase of 3%...from $324 to $334 million. Note: There have been several new contracts since...CGI Employee for Q1 were 8000 and 9000 for Q2 or 12.5% more employees generating more income...(With the new acquisition they will have almost 10,000 employees) Therefore, $400 million for the quarter is possible...(that's slightly under 300% from last year) and if margins increased by half a percent (.5) like they did between Q4 & Q1, to 6.0% or better we will see a net profit of $24 million... a 350% from Q2 98 of $6.2 million would be $21.7 million...which is also possible... I guess we will wait and see...Sal

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