CGI(GIB)

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CGI(GIB) - 2023 Q1 - Quarterly Report
2022-12-15 16:00
Exhibit 99.1 Management's Discussion and Analysis November 9, 2022 BASIS OF PRESENTATION This Management's Discussion and Analysis of the Financial Position and Results of Operations (MD&A) is a responsibility of management and has been reviewed and approved by the Board of Directors. This MD&A has been prepared in accordance with the requirements of the Canadian Securities Administrators. The Board of Directors is ultimately responsible for reviewing and approving the MD&A. The Board of Directors carries o ...
CGI(GIB) - 2022 Q4 - Earnings Call Presentation
2022-11-09 19:50
Fourth Quarter & Fiscal 2022 Financial results and highlights For the three and twelve months ended September 30, 2022 and 2021 November 9, 2022 Forward-Looking Information and Statements Our presentations contain "forward-looking information "within the meaning of Canadian securities laws and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and other applicable United States safe harbours. All such forward-looking information and statemen ...
CGI(GIB) - 2022 Q4 - Earnings Call Transcript
2022-11-09 19:49
Financial Data and Key Metrics - Revenue in Q4 2022 was $3.25 billion, up 8% YoY or 13.9% excluding unfavorable foreign exchange and tax impacts [8] - Adjusted EBIT in Q4 was $522 million, up 5.7% YoY, with EBIT margins at 16.1%, up 10 basis points sequentially [15] - Net earnings were $362 million, with diluted EPS at $1.51, representing an 8.6% YoY expansion [16] - Cash provided by operating activities was $489 million, representing 15.1% of revenue, a decrease of $38 million YoY due to COVID-related tax refunds and higher DSO [17] - Global backlog reached an all-time high of $24.1 billion, representing 1.9 times revenue [13] Business Line Performance - All segments delivered positive constant currency growth, with double-digit growth in Western and Southern Europe (35%), Asia-Pacific (22.7%), Canada (13.2%), and U.S. commercial and state government (10.9%) [9] - Financial services grew 21%, manufacturing, retail, and distribution grew 14%, government grew 13%, and communication and utilities grew 10% [10] - IP services and solutions saw a significant increase in bookings, with an IP book-to-bill ratio of 146% in the quarter [13] Market Performance - Book-to-bill ratio was 112% in Q4, with new business accounting for 37% of bookings [11] - Strong book-to-bill ratios were observed in the U.K. and Australia (139%), U.S. commercial and state government (125%), U.S. Federal (121%), and Finland, Poland, and Baltics (117%) [11] - European operations had a book-to-bill ratio of 107% for the quarter and 114% for the full year, while North America was robust at 117% [12] Company Strategy and Industry Competition - The company's strategy focuses on a "build and buy" approach, with recent acquisitions contributing to growth and margin targets [16][19] - CGI is positioned to help clients drive digital transformations, with a focus on operational efficiencies and cost savings to fund digitization investments [35] - The company sees a positive M&A environment due to favorable valuations, currency strength, and a strong balance sheet [39] Management Commentary on Operating Environment and Future Outlook - Management highlighted the resilience of CGI's business model and the value provided to clients, with strong demand for digital transformation services [7][35] - The company expects continued demand for managed services and IP, with a strong pipeline of opportunities [37] - CGI remains confident in its ability to deliver double-digit EPS accretion and invest in growth opportunities [40] Other Important Information - The company invested $103 million back into the business and $133 million in share buybacks in Q4 [18] - CGI's effective tax rate in Q4 was 25.4%, with expectations for future quarters to be in the range of 24.5% to 26.5% [16] - The company's return on invested capital increased by 80 basis points to 15.7% [18] Q&A Session Summary Question: Digital Transformation Progress - Management compared the digital transformation journey to a baseball game, suggesting it is still in the early innings and may not have a definitive end [45] Question: Client Demand for Future Services - Clients are increasingly interested in data analytics, cloud technologies, and the integration of technology with business processes [46] Question: Hiring Plans - CGI has slowed some open positions due to reduced turnover but remains focused on hiring, particularly early-career talent [47][48] Question: Offshore and Nearshore Mix - The company is committed to its proximity model but is also expanding global delivery centers to manage wage inflation and provide cost-effective solutions [52][53] Question: Capital Allocation Strategy - The 2% tax on buybacks will not affect CGI's capital allocation strategy in 2023, but future plans will consider this factor [55] Question: European Market Outlook - Despite macroeconomic pressures, CGI's European operations remain resilient, with government contracts providing countercyclical support [70][71] Question: U.S. Political Landscape Impact - CGI's work is bipartisan, with IT modernization and cybersecurity remaining key priorities regardless of political changes [72][73] Question: M&A Activity and Margins - Recent M&A activity has temporarily impacted margins, but the company expects to achieve CGI margin targets over the coming quarters [64][65] Question: IP Booking Strength - The strength in IP bookings is driven by both demand and outbound efforts, with a focus on bundling IP with managed services and BPO [96][97] Question: Offshore Delivery and Virtual Work - Virtual work has provided a tailwind for offshore delivery, but nearshore centers are also seen as a key differentiator in balancing cost and regulatory considerations [120][121] Question: Vendor Consolidation - CGI is well-positioned to benefit from vendor consolidation, with a significant portion of 2022 bookings coming from new or expanded workshare [125]
CGI(GIB) - 2022 Q4 - Annual Report
2022-11-08 16:00
Management's Discussion and Analysis For the years ended September 30, 2022 and 2021 Exhibit 99.1 Management's Discussion and Analysis | For the years ended September 30, 2022 and 2021 November 9, 2022 BASIS OF PRESENTATION This Management's Discussion and Analysis of the Financial Position and Results of Operations (MD&A) is a responsibility of management and has been reviewed and approved by the Board of Directors. This MD&A has been prepared in accordance with the requirements of the Canadian Securities ...
CGI(GIB) - 2022 Q3 - Earnings Call Transcript
2022-07-27 18:01
CGI, Inc. (NYSE:GIB) Q3 2022 Earnings Conference Call July 27, 2022 9:00 AM ET Company Participants Kevin Linder - SVP, Finance & Treasury and Head, IR François Boulanger - EVP & CFO George Schindler - President, CEO & Director Steve Perron - SVP & Corporate Controller Conference Call Participants Thanos Moschopoulos - BMO Capital Markets Stephanie Price - CIBC Jerome Dubreuil - Desjardins Securities Steven Li - Raymond James Daniel Chan - TD Securities Paul Treiber - RBC Capital Markets Brian Essex - Goldm ...
CGI(GIB) - 2022 Q3 - Earnings Call Presentation
2022-07-27 18:00
Third Quarter Fiscal 2022 Financial Results and highlights For the three and nine months ended June 30, 2022 and 2021 July 27, 2022 Forward-looking information and statements Our presentations contain "forward-looking information "within the meaning of Canadian securities laws and "forward-looking statements" w ithin the meaning of the United States Private Securities Litigation Reform Act of 1995 and other applicable United States safe harbours. All such forward-looking information and statements are made ...
CGI(GIB) - 2022 Q3 - Quarterly Report
2022-07-26 16:00
Exhibit 99.1 Management's Discussion and Analysis For the three and nine months ended June 30, 2022 and 2021 Management's Discussion and Analysis For the three and nine months ended June 30, 2022 and 2021 July 27, 2022 BASIS OF PRESENTATION This Management's Discussion and Analysis of the Financial Position and Results of Operations (MD&A) is a responsibility of management and has been reviewed and approved by the Board of Directors. This MD&A has been prepared in accordance with the requirements of the Can ...
CGI(GIB) - 2022 Q2 - Earnings Call Transcript
2022-04-27 15:57
CGI Inc. (NYSE:GIB) Q2 2022 Earnings Conference Call April 27, 2022 9:00 AM ET Company Participants Kevin Linder - Senior Vice President, Finance and Treasury, & Head of Investor Relations François Boulanger - Executive Vice President & Chief Financial Officer George Schindler - President & Chief Executive Officer Conference Call Participants Stephanie Price - CIBC Thanos Moschopoulos - BMO Capital Markets Paul Treiber - RBC Capital Markets Brian Essex - Goldman Sachs Richard Tse - National Bank Operator Go ...
CGI(GIB) - 2022 Q2 - Earnings Call Presentation
2022-04-27 13:26
Second Quarter Fiscal 2022 Financial Results and highlights For the three month period ended March 31, 2022 April 27, 2022 Forward-looking information and statements Our presentations contain "forward-looking information "within the meaning of Canadian securities laws and "forward-looking statements" w ithin the meaning of the United States Private Securities Litigation Reform Act of 1995 and other applicable United States safe harbours. All such forward-looking information and statements are made and discl ...
CGI(GIB) - 2022 Q2 - Quarterly Report
2022-04-26 16:00
Exhibit 99.1 Management's Discussion and Analysis For the three and six months ended March 31, 2022 and 2021 Management's Discussion and Analysis For the three and six months ended March 31, 2022 and 2021 April 27, 2022 BASIS OF PRESENTATION This Management's Discussion and Analysis of the Financial Position and Results of Operations (MD&A) is the responsibility of management and has been reviewed and approved by the Board of Directors. This MD&A has been prepared in accordance with the requirements of the ...