CGI reports third quarter Fiscal 2025 results

Core Insights - CGI reported a revenue of CAD 4.09 billion for Q3-F2025, reflecting an 11.4% year-over-year growth, with a constant currency growth of 7.0% [3][12] - The company emphasized its focus on AI-related services, indicating strong momentum in this area [2][4] Financial Performance - Earnings before income taxes were CAD 551.6 million, down 7.1% year-over-year, with a margin of 13.5% compared to 16.2% in the previous year [4][6] - Adjusted earnings before interest and taxes increased by 10.5% year-over-year to CAD 666.1 million, with a margin of 16.3% [4][6] - Net earnings decreased by 7.2% to CAD 408.6 million, resulting in a margin of 10.0% [5][6] - Adjusted net earnings rose by 6.8% to CAD 470.1 million, with an adjusted diluted EPS of CAD 2.10, up 9.9% year-over-year [7][12] Operational Metrics - Cash provided by operating activities was CAD 486.6 million, representing 11.9% of revenue [7][12] - Bookings totaled CAD 4.15 billion, yielding a book-to-bill ratio of 101.4% [8][12] - The backlog reached CAD 30.58 billion, equivalent to 2.0 times the annual revenue [8][12] Capital Management - The company invested CAD 105.1 million back into its business and CAD 286.2 million for share repurchases [9][12] - A quarterly cash dividend of CAD 0.15 per share was approved, payable on September 19, 2025 [16] Debt and Financial Ratios - Long-term debt and lease liabilities increased to CAD 4.24 billion from CAD 3.05 billion year-over-year [10][12] - Net debt rose to CAD 3.12 billion, with a net debt-to-capitalization ratio of 23.4% [10][12]