Ups And Downs In Channel Company Stocks For Q1 2017
Submitted by Rick Whiting on
CGI Group
CEO: George Schindler
Dec. 30, 2016: $48.03
March 31, 2017: $47.93
Change: -0.21%
CGI, No. 18 on the CRN Solution Provider 500, began the year under new management. On September 8 CGI announced that president and chief operating officer George Schindler would become president and CEO effective Oct. 1, taking over for CEO Michael Roach who retired effective Sept. 30, the end of the company's fiscal year.
For its fiscal 2017 first quarter (ended Dec. 31, 2016), CGI reported sales of $2.68 billion Canadian (U.S. $1.98 billion), essentially flat with the fiscal 2016 first quarter. Net income for the most recent quarter was $275.7 million Canadian (U.S. $204.4 million), up 16 percent from $237.7 million Canadian (U.S. $176.3 million) one year before.