Jefferies cuts CGI to “hold” as organic growth, margins stay under pressure

Jefferies in a note dated Monday has downgraded Canadian IT services provider CGI Group Inc. (OTC:CGIP) to “hold” from “buy,” saying its organic growth “has been lagging peers due to the company’s ...
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CGI reports Q4 adjusted EPS C$2.13 vs. C$1.92 last year.

Reports Q4 revenue C$4.01B vs. C$3.660B last year. “In the Q4, CGI (GIB) delivered revenue growth, strong cash generation and double-digit EPS ...