Monday, March 1

Titles in action: CGI, Microsoft, Starbucks

Here is a selection of announcements that have made (or will make) move the prices of these companies:

(Come back and read us from time to time
so as not to miss an update)

CGI (GIB, US $ 77) beat expectations, reporting first quarter profit of $ 343.5 million, compared to $ 290.2 million a year earlier. This result is mainly attributable to improved margins and lower restructuring and integration costs. The technology and business consultancy says earnings were equivalent to $ 1.32 per diluted share for the quarter ended Dec. 31, compared to $ 1.06 per diluted share in the same quarter a year earlier. Revenue totaled $ 3.02 billion, down from the $ 3.05 billion posted last year. CGI reports that the most recent quarter included $ 3.7 million in acquisition-related and integration costs, compared to the same quarter of the previous year, which showed $ 16.5 million in acquisition-related fees and costs integration and $ 28.2 million in restructuring costs. Excluding specific items, CGI says it earned $ 1.33 per diluted share for its last quarter, up from $ 1.23 per diluted share a year earlier. Analysts on average expected adjusted earnings of $ 1.24 per share, according to financial data firm Refinitiv.

Microsoft (MSFT, US $ 232) surpassed its expectations and those of the market on Tuesday with sales of $ 43 billion in the last quarter of 2020, thanks to the acceleration of the digital transition of companies and appetite of consumers for video games during the pandemic. The US computer giant forecast revenues of between 39.5 billion and 40.4 billion for the period from October to November, but it made 43.1 billion dollars, up 17% year on year. Its net profit stood at 15.5 billion, a jump of 33% during the second quarter of its lagged fiscal year. Wall Street praised these results: the stock of the Redmond company took more than 6% in electronic trading after the close of the stock market.

The coffee giant Starbucks (SBUX, US $ 104) saw its sales and profit decline at the end of 2020, as the pandemic continued to weigh on the attendance of its establishments, their operations and opening hours. The company’s revenue fell 5% to $ 6.7 billion in the three months ending December 27, which corresponds to the first quarter of its 2020/21 fiscal year. Same-store sales, the preferred retail metric, also declined 5% overall. The stores received fewer orders (-19%) but their average price was higher (+ 17%). Group net income fell 30% year-on-year to $ 622 million. The title of Starbucks lost nearly 3% during electronic trading shortly before the opening of the Exchange on Wednesday.

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