The Best (And Worst) Channel Stocks Of 2013

Email this CRN article

CEO: Michael Roach

Dec. 31, 2012: $23.13
Dec. 31, 2013: $33.46
Change: +44.7%

CGI Group reported sales of $10.08 billion Canadian (U.S.$9.19 billion) for fiscal 2013, ended Sept. 30, up a whopping 111 percent from fiscal 2012. Net earnings for fiscal 2013 were Canadian $455.8 million (U.S.$415.2 million), up almost 250 percent from the previous year.

But while much of 2013 was a good one for CGI (No. 15 on the CRN 2013 Solution Provider 500 list), things came crashing down at year's end when CGI found itself at the center of the controversy, probably the year's biggest IT disaster. CGI held the $93.7 million contract to build the health insurance exchange. When it failed to work during its October launch, many people pointed fingers at the Montreal-based computer services company.

Email this CRN article