Financial Data and Key Metrics Changes - Second quarter revenue grew 7.2% year over year in constant currency to $5.2 billion, marking the fourth consecutive quarter of year-over-year organic growth [6][26] - Adjusted operating margin improved by 40 basis points year over year to 15.6%, on track to achieve a margin expansion goal of 20 to 40 basis points for 2025 [7][35] - Bookings grew 18% year over year, translating to trailing twelve months growth of 6% [6][34] - Free cash flow for the second quarter was $331 million, compared to $183 million a year ago [36] Business Line Data and Key Metrics Changes - Financial Services grew 6% year over year, driven by digital engineering and legacy modernization [27] - Health Sciences grew 5% year over year, supported by organic growth across payers, providers, and life sciences customers [28] - Communication, Media, and Technology returned to organic growth, led by the technology sector [31] Market Data and Key Metrics Changes - North America led revenue growth with 8%, driven by financial services and health sciences [32] - Europe grew 4%, supported by life sciences and financial services clients [33] - The Rest of the World increased by about 6%, driven by financial services and health sciences [33] Company Strategy and Development Direction - The company is focusing on AI-led opportunities and disciplined execution to build a resilient and durable business [4] - The strategy includes a three-vector approach: enabling hyper productivity, industrializing AI, and identifying the enterprise [81] - The company is expanding its talent investments in emerging technology hubs and enhancing its AI capabilities [12][13] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the ability to drive large deal momentum and win new spend cycles in AI opportunities [23] - The demand environment remains dynamic, but the company is encouraged by its performance and pipeline [23][40] - The company expects revenue growth of 4% to 6% in constant currency for the full year 2025 [39] Other Important Information - The company plans to return $2 billion to shareholders in 2025, an increase from previous guidance [42] - A one-time non-cash tax expense of approximately $400 million is expected in Q3 due to changes in US tax laws [37] Q&A Session Summary Question: Clarification on bookings and pipeline outlook - Management confirmed a balanced mix of renewals and new business, with a healthy pipeline for the second half of the year [49][53] Question: Gross margin outlook - Management indicated that gross margin will be shaped by resource utilization and investments in large deals [54][57] Question: Pricing and business opportunities related to AI agents - Management discussed the potential for outcome-based pricing and the differentiation created by their AI capabilities [62][66] Question: Capital allocation and M&A pipeline - Management provided an update on capital allocation plans, indicating a decent pipeline for M&A in the second half of the year [69] Question: Healthcare segment headwinds and offsets - Management noted that their exposure to Medicaid and Medicare is limited, with a focus on productivity-led opportunities in healthcare [95] Question: Convergence of IT services and BPM - Management highlighted the unique opportunity presented by the convergence of operations, data, and AI [96] Question: Headcount increase and outlook for the second half - Management acknowledged the increase in headcount and its implications for resource management moving forward [101]

Financial Performance - Revenue for Q2 2025 was $5245 million, an increase of 81% year-over-year as reported, or 72% in constant currency[4, 5] - GAAP diluted EPS for Q2 2025 was $131, compared to $114 in Q2 2024[7] - Adjusted diluted EPS for Q2 2025 was $131, compared to $117 in Q2 2024[7] - GAAP operating margin for Q2 2025 was 156%, compared to 146% in Q2 2024[9] - Adjusted operating margin for Q2 2025 was 156%, compared to 152% in Q2 2024[9] - Operating cash flow for Q2 2025 was $398 million, compared to $262 million in Q2 2024[11] - Free cash flow for Q2 2025 was $331 million, compared to $183 million in Q2 2024[11] Segment and Geographic Performance - Products & Resources segment revenue increased by 160% year-over-year, or 147% in constant currency[17] - Health Sciences segment revenue increased by 62% year-over-year, or 53% in constant currency[17] - Financial Services segment revenue increased by 69% year-over-year, or 60% in constant currency[17] - Communications, Media & Technology segment revenue increased by 31% year-over-year, or 22% in constant currency[17] - North America revenue increased by 96% year-over-year, Europe revenue increased by 47% year-over-year, and Rest of World revenue increased by 81% year-over-year[17] Acquisitions and Bookings - Revenue from the Belcan acquisition contributed approximately 400 basis points to year-over-year growth in Q2 2025[12, 14] - Trailing twelve-month bookings increased 6% year-over-year to $278 billion, representing a book-to-bill ratio of 14x[44] Guidance - Full-year 2025 revenue is projected to be between $207 billion and $211 billion, representing a 40% to 60% increase in constant currency[49]

Financial Data and Key Metrics Changes - The company reported revenue of CAD 4.1 billion, an increase of 11.4% year over year, or 7% when excluding foreign exchange impacts [5][6] - Adjusted EBIT for the quarter was CAD 666 million, up 10.5% year over year, with a margin of 16.3%, down 10 basis points due to recent mergers [11] - Adjusted net earnings were CAD 470 million, an increase of CAD 30 million year over year, with a margin of 11.5% [11] - The company generated CAD 487 million in cash from operations, representing 11.9% of total revenue [11] Business Line Data and Key Metrics Changes - Revenue growth was primarily driven by business acquisitions and momentum in the financial services sector, with constant currency revenue growth led by financial services at 9.6% and government at 8.7% [7][8] - IP revenue grew in six of the eight proximity segments, representing 20.6% of total revenue [8] - Bookings in the quarter exceeded CAD 4 billion, resulting in a book-to-bill ratio of 101% [9] Market Data and Key Metrics Changes - Geographically, North American operations grew by 7.4%, while European segments saw growth of 6.6% [6] - The Asia Pacific offshore delivery revenue increased by 6.4% [6] - The global backlog reached CAD 30.6 billion, equivalent to 2x revenue [10] Company Strategy and Development Direction - The company continues to focus on a build and buy profitable growth strategy, emphasizing investments in business and accretive acquisitions [13][28] - The strategic deployment of capital aligns with CGI's resilient mix of services and global footprint [14] - The company is actively pursuing partnerships with large technology firms to enhance revenue streams [36][39] Management's Comments on Operating Environment and Future Outlook - Management noted macroeconomic uncertainty impacting client decision-making, particularly in larger enterprise engagements [20] - There are signs of renewed client spending in the banking and broader financial services sector, with year-over-year bookings up by more than CAD 400 million [15] - Management expects to see some momentum returning as tariff uncertainties are resolved [96] Other Important Information - The company has CAD 2.7 billion in capital resources readily available for growth initiatives [13] - A quarterly cash dividend of CAD 0.15 per share was approved, payable on September 19, 2025 [12] Q&A Session Summary Question: Can you talk about organic growth in different segments? - Management indicated challenges in Europe due to tariffs but noted good organic growth in the financial sector, especially in North America [34][35] Question: Can you provide insights on margin expansion strategies? - Management highlighted that the integration of recent acquisitions is expected to improve margins, particularly in the UK and U.S. [44][45] Question: What differentiates CGI in the vendor consolidation trend? - Management emphasized a client-centric approach and readiness to co-invest in processes, which helps win vendor consolidation deals [48][50] Question: What is the outlook for acquisitions? - Management remains optimistic about the acquisition environment, noting lower valuations and a robust pipeline of targets [54][55] Question: How is CGI applying AI internally? - Management stated that AI is being used to improve productivity and deliver savings, which will positively impact headcount growth and margins [74][75] Question: What is the competitive position of CGI in AI? - Management believes that expertise in AI will create new opportunities and strengthen CGI's market position [88][89] Question: What is the outlook for constant currency organic growth? - Management believes the company is at the floor for growth and expects momentum to return as tariff uncertainties are resolved [95][96]

Financial Data and Key Metrics Changes - Revenue for Q3 2025 was reported at CAD 4.1 billion, an increase of 11.4% year-over-year, or 7% when excluding foreign exchange impacts [4][10] - Adjusted EBIT was CAD 666 million, up 10.5% year-over-year, with a margin of 16.3%, a slight decrease of 10 basis points [10] - Adjusted net earnings were CAD 470 million, an increase of CAD 30 million year-over-year, with a margin of 11.5% [10][11] - The company generated CAD 487 million in cash from operations, representing 11.9% of total revenue [11] Business Line Data and Key Metrics Changes - Revenue growth was primarily driven by business acquisitions and strong performance in the financial services sector, with constant currency revenue growth in financial services at 9.6% [5][6] - IP revenue represented 20.6% of total revenue, with growth in six of eight proximity segments [6] - Bookings in the quarter exceeded CAD 4 billion, resulting in a book-to-bill ratio of 101% [7][9] Market Data and Key Metrics Changes - North American operations grew by 7.4%, while European segments saw growth of 6.6% [5] - The Asia Pacific offshore delivery revenue increased by 6.4% [5] - The government sector showed strong demand with a Q3 book-to-bill ratio of 112% [16] Company Strategy and Development Direction - The company continues to focus on a "build and buy" profitable growth strategy, emphasizing capital deployment in line with this strategy [14][28] - CGI's strategic partnerships with large technology companies are yielding positive results, with bookings from these partnerships increasing by 120% year-over-year [40] - The company is actively pursuing mergers and acquisitions, with a robust pipeline of potential targets [27][55] Management's Comments on Operating Environment and Future Outlook - Management noted macroeconomic uncertainties impacting client decision-making, particularly in Europe, but expressed optimism about future growth as tariffs stabilize [20][93] - There is a strong expectation for increased client spending in the financial services sector, with year-over-year bookings up by over CAD 400 million [15] - The company anticipates that the integration of recent acquisitions will enhance margins in the future [46] Other Important Information - CGI has CAD 2.7 billion in capital resources readily available for growth initiatives [13] - The Board of Directors approved a quarterly cash dividend of CAD 0.15 per share, payable on September 19, 2025 [12] Q&A Session Summary Question: Can you talk about organic growth in different segments? - Management indicated challenges in some areas due to tariffs but noted good organic growth in the financial sector, particularly in North America [34][36] Question: Can you provide insights on the partnership strategy? - The company has invested in partnerships with large technology firms, which is paying off with increased revenues [37][40] Question: What are the margin expansion strategies beyond restructuring? - Integration of recent acquisitions is expected to improve margins, particularly in the UK and U.S. [44][46] Question: How does CGI differentiate itself in vendor consolidation trends? - CGI's client-centric approach and willingness to co-invest in processes are key differentiators [48][51] Question: What is the outlook for acquisitions in the current environment? - Management remains optimistic about the acquisition environment, noting lower valuations and a robust pipeline of targets [55][56] Question: Is there a shift from cost-cutting to modernization in U.S. Federal government? - Management confirmed that discussions are shifting towards modernization and automation, moving beyond just cost-cutting [58][59] Question: Can you discuss the growth in the APAC business unit? - North America is a significant driver, with growing activities in Germany and India also contributing to growth [61][62] Question: How is CGI applying AI internally? - CGI is leveraging AI to improve productivity and deliver savings to clients, which is expected to increase headcount productivity [70][71] Question: What are CGI's priorities for IP beyond AI? - The company is embedding AI in various platforms, including ERP systems, and is seeing strong momentum in government sector IP [76][77]

For the three months ended June 30, 2025 and 2024 July 30, 2025 Third Quarter Fiscal 2025 Financial results and highlights 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 statements are made and disclo ...

Core Insights - Atos successfully delivered a comprehensive suite of digital services, including the AI-powered GAUDI content repository, for the European Youth Olympic Festival (EYOF) Skopje 2025, enhancing efficiency, accessibility, engagement, and security for all stakeholders involved [1][6][8] Digital Services Provided - Atos implemented a cloud-based Entries & Accreditation System that streamlined management processes and registered over 4000 participants across two simultaneous events [2] - The official Skopje 2025 website served as a central portal for event information, including schedules, results, and volunteer details, ensuring comprehensive engagement for visitors [3] - A mobile app was developed to keep users informed with the latest news, competition schedules, and exclusive content, enhancing user experience during the event [4] GAUDI Content Repository Features - GAUDI offers an AI-powered platform for managing and accessing digital content, allowing users to request content through natural language queries and providing ready-to-use video clips [5] - The system automatically generates clips and highlights, creates ready-to-share posts, adapts content for various devices, and integrates photos, enhancing the overall experience for users [6] Company Background and Experience - Atos has over 30 years of experience in serving partners and customers in major events, demonstrating flexibility and technology excellence across various scales of events [8] - The company has been involved with the Olympic Movement since 1992 and is the Official Digital Technology Partner for multiple prestigious sporting events, showcasing its long-standing commitment to the sports industry [9][11]

Core Insights - Science Applications International Corp. (SAIC) has formed a strategic alliance with Google Public Sector to implement "AI at the Edge" solutions, utilizing Google Distributed Cloud [1][4] - The collaboration aims to enhance mission outcomes for government clients by integrating SAIC's technology expertise with Google Cloud's AI and machine learning capabilities [4][7] Company Overview - SAIC is a Fortune 500 mission integrator with a focus on technology and innovation across defense, space, civilian, and intelligence markets, generating annual revenues of approximately $7.5 billion [5][8] - The company employs around 24,000 personnel and is headquartered in Reston, Virginia [8] Strategic Alliance Details - The alliance will involve training and certifying 1,000 SAIC personnel in Google Cloud technologies, supported by a dedicated Learning Consultant from Google Cloud [3] - SAIC is positioned as one of the first system integrators to market Google Distributed Cloud, enhancing its capability to deliver impactful solutions [2] Key Benefits of the Collaboration - The partnership aims to provide tactical edge solutions that meet specialized requirements such as low latency and high bandwidth [6] - It will enable secure, scalable AI solutions that ensure access to mission-critical applications even in disconnected environments [6][7] - The collaboration is expected to accelerate innovation by co-developing AI solutions tailored to specific customer needs [7]

Cognizant is a data and AI model training partner, long trusted by large digital native pioneers to help train some of the most advanced AI /ML models in the world "At Cognizant, we're committed to helping our clients accelerate their AI innovation at scale. By launching AI Training Data Services, we're advancing this commitment and providing enterprises with the high-quality, multi-modal data they need to build sophisticated AI solutions," said Ravi Kumar S., CEO of Cognizant. "In leveraging this specializ ...

Core Insights - Atos has been recognized for the fifth time as a Supplier Engagement Leader by the Carbon Disclosure Project (CDP) for its leadership in corporate supply chain engagement on climate change and environmental issues [1] - The company focuses on tackling its Scope 3 emissions, which account for 95.5% of its greenhouse gas (GHG) footprint, by collaborating with suppliers to enhance their sustainability performance [2] - Atos aims to engage more suppliers on sustainability issues and support them in their decarbonization efforts to meet GHG emission reduction targets [3] Company Overview - Atos Group is a global leader in digital transformation with approximately 72,000 employees and annual revenue of around €10 billion, operating in 68 countries [4] - The company is recognized as the European leader in cybersecurity, cloud, and high-performance computing, committed to a secure and decarbonized future [4] - Atos provides tailored AI-powered, end-to-end solutions for various industries, emphasizing sustainable development and technological excellence [5]

Core Insights - Atos has been recognized for the fifth time by the Carbon Disclosure Project (CDP) for its leadership in corporate supply chain engagement on climate change and environmental issues [1] - The company aims to continue engaging more suppliers on sustainability issues and support them in their decarbonization journey to meet its greenhouse gas (GHG) emission reduction targets [3] Company Sustainability Efforts - Atos addresses its Scope 3 emissions, which account for 95.5% of its GHG footprint, by collaborating with suppliers to assess and enhance their sustainability performance [2] - In 2024, 75% of Atos Group's spending was directed towards suppliers who had undergone a sustainability assessment [2] - Suppliers can demonstrate their commitment to climate action by signing a contract clause that requires them to measure and report their emissions and commit to science-based climate targets [2] Company Overview - Atos Group is a global leader in digital transformation with approximately 72,000 employees and annual revenue of around €10 billion, operating in 68 countries [4] - The company is recognized as the European leader in cybersecurity, cloud, and high-performance computing, and is committed to a secure and decarbonized future [4] - Atos provides tailored AI-powered, end-to-end solutions for various industries [4]