By Alastair Sharp TORONTO (Reuters) – CGI Group Inc , the information systems and management consultancy, said on Wednesday it would target acquisitions in cyber security while exiting some markets entirely, as it reported third-quarter profit and revenue that missed estimates. The company's chief executive officer said it has compiled a short list of 85 potential acquisition targets that would help it grow by delving deeper into industries, three years after going wide with its Logica acquisition. CEO Michael Roach told investors on a conference call that the company is working its way through a list compiled from almost a thousand interviews with top managers at its customers “as part of our buy strategy.” Scores of acquisitions have fueled CGI's growth over four decades.
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CGI exiting low-margin markets, eyes M&A in cyber security