CGI Reports Decent Third Quarter; Financially Sound with Good Bookings, Shares Modestly Overvalued
CGI reported a decent third-quarter result with constant currency revenue finally eking out a positive performance of 0.6%, on a year-over-year basis. After a couple of years of planned revenue runoffs and an emphasis on revenue quality over revenue quantity, we think CGI is now at the point where it can focus on growing its long-term constant currency revenue rate largely without the detriment of unprofitable or low-profit legacy contracts. Healthy bookings were another positive signal for the ...CGI Group is engaged in managing information technology services, including outsourcing, systems integration and consulting, software licenses and maintenance, as well as business process services to help clients realize their strategies and create added value.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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