Financial Data and Key Metrics - Revenue for Q4 2024 was $3.7 billion, up 4.4% YoY or 2% excluding foreign exchange impact [8] - Earnings before income taxes were $592 million, with a margin of 16.2%, up 30 basis points YoY [11] - Adjusted EBIT was $600 million, representing a margin of 16.4%, up 10 basis points YoY [12] - Net earnings were $436 million, with a margin of 11.9%, up 10 basis points YoY [15] - Diluted EPS was $1.91, an increase of 8.5% YoY [15] - Cash provided by operating activities was $629 million, representing 17.2% of total revenue [16] - Global backlog reached $28.7 billion, or 1.9 times revenue [11] Business Line Performance - IP revenue grew at 3.7% constant currency, representing 22.9% of total revenue, up 30 basis points YoY [10] - Book-to-bill ratio was 104% for Q4, with managed services at 120% and SI&C at 85% [10] - Managed services bookings were particularly strong in H2, reaching nearly $5.3 billion, up by more than $1 billion compared to H1 [35] Market Performance - Strongest growth segments: Northwest and Central East Europe (7.5% constant currency), UK and Australia (7.2%), Asia Pacific (6.2%), and US Federal (5%) [8] - Government sector showed the highest growth at 4.7% constant currency, followed by manufacturing, retail, and distribution at 3.3% [9] - Financial services in Europe and communications in North America remained challenged [9] Company Strategy and Industry Competition - The company continues to focus on a build-and-buy strategy, with recent acquisitions including Aeyon and CGI Federal to deepen digital and AI-based offerings [25] - Investments in AI and GenAI are ongoing, with a $1 billion AI investment announced previously [47] - The company is actively pursuing M&A opportunities, with a focus on accretive acquisitions that align with its growth strategy [52] Management Commentary on Operating Environment and Future Outlook - The company expects the tax rate for future quarters to be in the range of 25.5% to 26.5% [14] - The demand environment for managed services remains strong, while SI&C is expected to remain soft in the near term [78] - The company sees opportunities in AI, cybersecurity, and cloud services, with a growing pipeline of AI-related projects [48] Other Important Information - The company issued $750 million of public Canadian senior notes to repay existing debt and for general corporate purposes [17] - A cash dividend of $0.15 per share was approved, payable on December 20, 2024 [19] - Germany is now its own segment, and operations in Scandinavia are combined with the Northwest and Central East Europe segment [20] Q&A Session Summary Question: M&A Activity and AI Pipeline - The company has a full M&A pipeline and is in active discussions with multiple targets, but closing deals depends on agreement on price and strategic fit [57] - AI-related projects are increasing, with more proof-of-concepts and internal use of AI in managed services and IP [58] - The company is investing in training its workforce on AI tools, with both basic and technical training programs in place [60] Question: Bookings and US Federal Business - Bookings were slightly weak in Q4 due to lumpiness, with some contracts not closing by the end of the quarter [63] - The US Federal business is expected to pick up after the election, as new priorities will require IT services [66] Question: Microsoft Partnership and M&A Valuation - Microsoft is a key partner, and the company uses tools like CoPilot extensively, but it also works with other technologies like AWS and Google [72] - The company is disciplined in M&A, focusing on accretive deals that align with its strategy, even if it means paying more than one-time revenue [75] Question: Demand Environment and US Commercial Business - The demand environment remains stable, with managed services strong and SI&C soft, particularly in business consulting [78] - The US Commercial and State Government business is expected to bounce back, with large potential deals in the pipeline [79] Question: Discretionary Spending and Margins - Discretionary spending remains soft, particularly in the financial sector, but the company expects a bounce back as interest rates stabilize [81] - Margins are expected to improve, with opportunities in Europe and managed services driving profitability [94] Question: GenAI and Client Adoption - Clients are increasingly relying on the company for AI proof-of-concepts and data preparation, driving future growth opportunities [98] - The company is using AI internally for cost optimization and process automation, which is also benefiting clients [92] Question: M&A Strategy and Infrastructure - The company remains focused on its build-and-buy strategy, with a preference for acquisitions that align with its growth objectives and culture [102] - Pure infrastructure businesses are not a focus, but the company is open to acquisitions that include infrastructure as part of a broader offering [105] Question: Client Pipeline and New Business - The client pipeline is up 20% YoY, with strong growth in retail and financial services, driven by cost-saving initiatives and managed services [112] - The company is seeing growth in AI and cybersecurity consulting, with new opportunities in these areas [114]

Stock symbolsGIB (NYSE)GIB.A (TSX)cgi.com/press-roomPARIS, Nov. 5, 2024 /PRNewswire/ - CGI (TSX: GIB.A) (NYSE: GIB), one of the world's largest business and IT consulting services firms, announces that it has signed a 3-year contract with Michelin, the world's leading manufacturer of composites and experiences that transform our daily lives, to develop and maintain its Supply Chain and Planning Production Manufacturing applications. CGI will also be involved in supporting Michelin's Customer Experience and ...

Stock Market Symbols GIB.A (TSX) GIB (NYSE) cgi.com/newsroom Podcast: A replay will be available for download later in the day. RSS Feed: Subscribe via our newsroom to receive the latest news releases and podcasts. MONTRÉAL, Oct. 30, 2024 /PRNewswire/ - CGI (TSX: GIB.A) (NYSE: GIB) will release results for its fourth quarter and fiscal year 2024, ended September 30, 2024, on Wednesday, November 6, 2024 before the markets open. Management will host a conference call to discuss results and answer questions at ...

Stock Market SymbolsGIB.A (TSX)GIB (NYSE)cgi.com/newsroomMONTRÉAL, Oct. 29, 2024 /PRNewswire/ - CGI (TSX: GIB.A) (NYSE: GIB), one of the world's largest business and IT consulting firms, has been named a Major Player in the IDC MarketScape: Worldwide Professional Services Providers for Retailers 2024 Vendor Assessment*."CGI stands out with its culture and relationships. Its proximity model places project leaders and team members close to client team leaders in real-world space," said Leslie Hand, Group Vice ...

FAIRFAX, Va., Oct. 24, 2024 /PRNewswire/ -- CGI (TSX: GIB.A) (NYSE: GIB), one of the largest independent IT and business consulting services firms in the world, today announced the launch of the redesigned CGI ProperPay, a cloud-based solution designed to elevate payment and revenue integrity through advanced Artificial Intelligence (AI) capabilities. This integrated, transformational platform empowers healthcare payers and providers to streamline billing processes to ensure accurate claims processing from ...

Stock Market SymbolsGIB.A (TSX)GIB (NYSE)www.cgi.com/newsroomTask orders extend collaboration between CGI and State Department to increase process efficiency and strengthen security and customer serviceFAIRFAX, Va., Oct. 22, 2024 /PRNewswire/ - CGI Federal Inc. (CGI), a wholly-owned U.S. operating subsidiary of CGI Inc. (NYSE: GIB) (TSX: GIB.A), today announced the award of three task orders by the U.S. Department of State (DoS) to support end-to-end visa application processing services for the Bureau of Co ...

CGI (NYSE: GIB ) has a very strong management team that is focused on M&A, cost efficiency, and creating stable, diversified revenue streams. These are all reasons to be bullish on the company, but this resilience doesn't mean its stock is likely to beat Oliver Rodzianko is an investment analyst specializing in the technology sector, with a focus on artificial intelligence, semiconductors, software, and renewable energy. He has earned a strong reputation on Seeking Alpha, where he is frequently featured in ...

CGI transforms budgeting and financial processes for state IT systems with enterprise resource planning technology built exclusively for government DES MOINES, Iowa, Oct. 8, 2024 /PRNewswire/ -- CGI (NYSE: GIB) (TSX: GIB.A), one of the largest independent IT and business consulting services firms in the world, today announced the State of Iowa's launch of CGI Advantage®, a transformational enterprise resource planning (ERP) system built on a unified softwareas-a-service (SaaS) platform that enhances the use ...

FAIRFAX, Va., Oct. 2, 2024 /PRNewswire/ -- CGI Federal Inc. (CGI), the wholly owned U.S. operating subsidiary of CGI Inc. (NYSE: GIB) (TSX: GIB.A), today announced it has been awarded a position on the Foundation Cloud Hosting Services II (FCHS2) 10-year, US$2 billion Indefinite-Delivery, Indefinite-Quantity (IDIQ) contract by the U.S. Department of the Interior. Under this agreement, CGI offers a comprehensive range of cloud services and solutions in support of critical modernization needs. "CGI is a globa ...

Adoption of new technologies will optimize government resources while improving user experience FAIRFAX, Va., Oct. 1, 2024 /PRNewswire/ -- CGI (NYSE: GIB) (TSX: GIB.A), one of the largest independent IT and business consulting services firms in the world, today announced the award of a contract by Anne Arundel County Public Schools (AACPS) in Maryland. The school's enterprise resource planning (ERP) system will be updated with the latest version of CGI Advantage®, a proven solution that delivers efficient f ...