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CGI Group (GIB) Q1 Earnings and Revenues Beat Estimates
ZACKS· 2025-01-29 13:46
Core Viewpoint - CGI Group reported quarterly earnings of $1.41 per share, exceeding the Zacks Consensus Estimate of $1.39 per share, and showing an increase from $1.34 per share a year ago [1][2] Financial Performance - The company achieved revenues of $2.71 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 1.07%, compared to $2.65 billion in the same quarter last year [3] - CGI has surpassed consensus EPS estimates three times over the last four quarters [2][3] Stock Performance - CGI shares have increased approximately 4.7% since the beginning of the year, outperforming the S&P 500's gain of 3.2% [4] - The stock's immediate price movement will depend on management's commentary during the earnings call [4] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.50 on revenues of $2.79 billion, and for the current fiscal year, it is $5.85 on revenues of $11.09 billion [8] - The estimate revisions trend for CGI is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [7] Industry Context - The Computer - Services industry, to which CGI belongs, is currently ranked in the bottom 42% of over 250 Zacks industries, suggesting potential challenges ahead [9] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact CGI's stock performance [6]
CGI(GIB) - 2025 Q1 - Quarterly Report
2025-01-29 12:24
Exhibit 99.1 Management's Discussion and Analysis For the three months ended December 31, 2024 and 2023 January 29, 2025 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 rules and regulations of the Canadian Securities Administrators. The Board of Directors is ultimately responsible for rev ...
Julie Godin named Executive Chair of the CGI Board of Directors and Founder Serge Godin becomes Co-Chair of the Board
Prnewswire· 2025-01-29 11:40
Leadership Transition - Julie Godin has been appointed as Executive Chair of the Board of Directors, effective after the Annual General Meeting of Shareholders [1] - Serge Godin will take on the role of Board Co-Chair and focus on transformational acquisitions and large-scale client engagements [1][3] - The leadership transition has been a carefully planned process over nearly two decades to ensure CGI's long-term profitable growth [2][3] Julie Godin's Background - Julie Godin has extensive experience in various dimensions of CGI's business, having served on the CGI Board for the last 12 years [2] - She has held roles including Co-Chair of the Board and Executive Vice-President, Strategic Planning and Corporate Development, overseeing critical global functions [2] - Her responsibilities include human resources, strategic planning, mergers and acquisitions, business consulting, and cybersecurity [2] Company Overview - CGI, founded in 1976, is one of the largest independent IT and business consulting services firms globally, with 91,000 professionals [4] - The company reported revenue of CA$14.68 billion for Fiscal 2024 [4] - CGI operates through a local relationship model supported by a global delivery network to assist clients in digital transformation [4]
CGI reports first quarter Fiscal 2025 results
Prnewswire· 2025-01-29 11:35
Stock Market Symbols GIB.A (TSX)GIB (NYSE) cgi.com/newsroomRevenue up 5.1% with cash generation of $646 million or 17.1% of revenue1Q1-F2025 performance highlights Revenue of $3.79 billion, up 5.1% year-over-year or 2.7% year-over-year in constant currency1; Earnings before income taxes of $591.7 million, up 12.3% year-over-year, for a margin1 of 15.6%; Adjusted earnings before interest and taxes1 of $611.7 million, up 4.7% year-over-year, for a margin1 of 16.2%; Net earnings of $438.6 million, up 12.5% yea ...
CGI renews its Normal Course Issuer Bid
Prnewswire· 2025-01-29 11:30
Stock Market SymbolsGIB.A (TSX)GIB (NYSE)cgi.com/newsroomMONTRÉAL, Jan. 29, 2025 /PRNewswire/ - CGI (TSX: GIB.A) (NYSE: GIB) announced today that its Board of Directors has authorized the renewal of its Normal Course Issuer Bid ("NCIB"), subject to approval by the Toronto Stock Exchange (the "TSX").CGI's management and Board of Directors believe that the purchase for cancellation of the Company's Class A subordinate voting shares ("Class A Shares") is a proper use of funds, and the NCIB will provide the fle ...
CGI announces details for its Annual General Meeting of Shareholders and release of Fiscal 2025 first quarter results
Prnewswire· 2025-01-22 11:30
Stock Market SymbolsGIB.A (TSX)GIB (NYSE)cgi.com/newsroomMONTRÉAL, Jan. 22, 2025 /PRNewswire/ - CGI (TSX: GIB.A) (NYSE: GIB) will host its Annual General Meeting of Shareholders (the "Meeting") and release its Fiscal 2025 first quarter results on Wednesday, January 29, 2025. The Meeting will be held at 11:00 a.m. (EST) via live webcast at https://www.icastpro.ca/q0jsqn (Password: CGI2024). Shareholders will have the opportunity to participate in real time and vote at the Meeting online in the manner set for ...
CGI recognized as a Leader in the IDC MarketScape Report of Worldwide Service Providers for Utilities Customer Operations
Prnewswire· 2025-01-16 11:30
Stock Market SymbolsGIB.A (TSX)GIB (NYSE)cgi.com/newsroom MONTRÉAL, Jan. 16, 2025 /PRNewswire/ - CGI (TSX: GIB.A) (NYSE: GIB), one of the world's largest business and IT consulting firms, has been named a Leader in the IDC MarketScape: Worldwide Service Providers for Utilities Customer Operations*. The IDC MarketScape noted, "CGI has strong capabilities in the use cases evaluated in this vendor assessment regarding utilities' customer operations, with solid experience in utilities' business innovation." By ...
CGI files 2024 Annual Disclosure Documents
Prnewswire· 2024-12-18 23:00
Stock Market SymbolsGIB.A (TSX)GIB (NYSE)cgi.com/newsroom MONTRÉAL, Dec. 18, 2024 /PRNewswire/ - CGI (TSX: GIB.A) (NYSE: GIB) has filed with the securities regulators in Canada and in the United States its Management Proxy Circular for its Annual General Meeting of Shareholders to be held virtually on January 29, 2025. CGI has also filed its 2024 Annual Information Form with the Canadian securities regulators, as well as with the U.S. Securities and Exchange Commission as part of its Annual Report on Form 4 ...
CGI(GIB) - 2024 Q4 - Annual Report
2024-12-18 22:15
Exhibit 99.1 Fiscal 2024 results CGI Contents 1 MANAGEMENT'S DISCUSSION AND ANALYSIS 71 Management's and Auditors' Reports 78 Consolidated Financial Statements 138 Shareholder Information Management's Discussion and Analysis November 6, 2024 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 ...
SkyAlyne selects CGI as technology partner for Canada's Future Aircrew Training Program
Prnewswire· 2024-12-17 11:30
Stock Market SymbolsGIB.A (TSX)GIB (NYSE)www.cgi.com/newsroomNew 25-year Canadian partnership aims to reimagine aircrew trainingOTTAWA, ON, Dec. 17, 2024 /PRNewswire/ - CGI, (TSX: GIB.A) (NYSE: GIB) one of the largest independent IT and business consulting services firms in the world, and SkyAlyne, a leading provider of military pilot and aircrew training in Canada, announce the signing of a 25-year agreement.This strategic partnership is set to build SkyAlyne's operational capabilities, streamline processe ...