(Compares results with estimates, adds Q1 details)
Jan 27 (Reuters) - Canadian information technology and
outsourcing services provider CGI Group Inc GIBa.TO reported a
better-than-expected quarterly profit, helped by higher sales in
the United States and the UK.
The Montreal-based company, which is also holding its annual
general meeting on Wednesday, said its backlog of signed orders
rose to C$21.51 billion ($15.29 billion) at the end of December
from C$20.18 billion a year earlier.
Excluding restructuring costs and other adjustments, the
company earned 84 Canadian cents per share in the first quarter
ended Dec. 31, beating analysts' average estimate of 82 Canadian
cents, according to Thomson Reuters I/B/E/S.
Revenue rose about 9 percent to C$716.0 million in the
United States and nearly 18 percent to C$365.3 million in the
UK.
Operating expenses rose about 5.8 percent to C$2.35 billion.
Net income rose to C$237.7 million, or 75 Canadian cents per
share, in the first quarter, from C$236.3 million, or 74
Canadian cents per share, a year earlier.
The company's revenue rose 5.6 percent to C$2.68 billion.
($1 = 1.4077 Canadian dollars)