The Best (And Worst) Channel Stocks Of Q1 2014

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CGI Group

CEO: Michael Roach

Dec. 31, 2013: $33.46

March 31, 2014: $30.92

Change: -7.59%

CGI had a rough year in 2013 given its unfortunate role 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 and when it failed to work during its October launch many people pointed fingers at the Montreal-based computer services company.

CGI (No. 15 on the CRN 2013 Solution Provider 500 list) in January reported that sales in its first fiscal quarter ended Dec. 31, 2013, were C$2.64 billion (approximately $2.41 billion), up 4.4 percent from the same period one year earlier. Net income for the quarter was C$189.8 million (approximately $173.1 million), up by a factor of more than seven from one year before.

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