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CGI selected by Texas Comptroller of Public Accounts to implement enterprise financial system
Prnewswire· 2025-08-25 10:30
Stock Market SymbolsGIB.A (TSX)GIB (NYSE)www.cgi.com/newsroomAUSTIN, Texas, Aug. 25, 2025 /PRNewswire/ - CGI (TSX: GIB.A) (NYSE: GIB), one of the largest independent technology and professional services firms in the world, today announced the award of a contract with the Texas Comptroller of Public Accounts (CPA) to implement a modern, software as a service (SaaS) enterprise financial system based on CGI Advantage®. Under the multi-year contract, CGI will replace the state's legacy Uniform Statewide Account ...
CGI reports third quarter Fiscal 2025 results
Prnewswire· 2025-07-30 10:30
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]
CGI SpeedOps launches to help clients accelerate business operations transformation
Prnewswire· 2025-07-28 10:30
Core Insights - CGI has launched CGI SpeedOps, a business operations transformation solution that integrates advanced technologies like AI with business expertise to enhance operational agility and deliver sustainable value across various sectors [1][2]. Group 1: Product Overview - CGI SpeedOps is designed to help clients achieve faster, smarter, and more adaptive outcomes by leveraging AI, cloud, automation, and data-driven insights [2]. - The solution is built on a scalable platform that connects people, processes, data, and systems, and is currently in production with clients in energy, utilities, and banking sectors [2][3]. - CGI SpeedOps is a key component of CGI's BPO 5.0 strategy, aimed at transforming business operations and enhancing agility, intelligence, and resilience for clients in a digital-first environment [3]. Group 2: Performance and Efficiency - When combined with CGI DigiOps, CGI SpeedOps can deliver efficiency improvements exceeding 40% [3][4]. - The integrated toolset of proprietary technologies within CGI SpeedOps modernizes and optimizes service delivery, unlocking new levels of operational value for clients [4]. Group 3: Company Background - Founded in 1976, CGI is one of the largest independent IT and business consulting services firms globally, with a workforce of 94,000 professionals [5]. - CGI reported a revenue of CA$14.68 billion for Fiscal 2024 and operates through a local relationship model supported by a global delivery network [5].
CGI to release third quarter fiscal 2025 results on July 30
Prnewswire· 2025-07-23 10:30
Company Overview - CGI is one of the largest independent IT and business consulting services firms globally, founded in 1976 [3] - The company employs 94,000 consultants and professionals worldwide, offering a comprehensive portfolio of services including strategic IT and business consulting, systems integration, managed IT and business process services, and intellectual property solutions [3] - CGI reported revenue of CA$14.68 billion for fiscal year 2024 [3] Upcoming Financial Results - CGI will release its third quarter fiscal year 2025 results on July 30, 2025, before the markets open [1] - The conference call to discuss the results will be held at 9:00 a.m. (EDT) on the same day, featuring management including François Boulanger, President and CEO, and Steve Perron, Executive Vice-President and CFO [2] - Interested parties can access a replay of the call until August 30, 2025, and a live webcast will be available on the company's investor relations website [2]
CGI reports second quarter Fiscal 2025 results
Prnewswire· 2025-04-30 10:30
Core Insights - CGI reported Q2-F2025 revenue of $4.02 billion, reflecting a year-over-year growth of 7.6% and a constant currency growth of 3.3% [2][10] - The company achieved strong quarterly bookings of $4.5 billion, resulting in a book-to-bill ratio of 111% [2][8] - Net earnings for the quarter were $429.7 million, up 0.7% year-over-year, with diluted earnings per share increasing by 3.3% to $1.89 [6][10] Financial Performance - Revenue: $4.02 billion, up 7.6% year-over-year; constant currency growth of 3.3% [10][24] - Earnings Before Income Taxes: $582.6 million, up 0.9% year-over-year, with a margin of 14.5% [5][10] - Adjusted Earnings Before Interest and Taxes: $665.7 million, up 5.9% year-over-year, with a margin of 16.5% [5][10] - Net Earnings: $429.7 million, up 0.7% year-over-year, with a margin of 10.7% [6][10] - Adjusted Net Earnings: $480.7 million, up 4.6% year-over-year, with a margin of 11.9% [7][10] - Diluted EPS: $1.89, up 3.3% year-over-year; Adjusted Diluted EPS: $2.12, up 7.6% [6][7][10] Cash Flow and Investments - Cash provided by operating activities was $438.2 million, representing 10.9% of revenue [7][10] - The company invested $99.7 million back into its business and $1,560.6 million in acquisitions [9][10] - CGI returned $34.1 million to shareholders through dividends [9][10] Backlog and Workforce - Backlog reached $30.99 billion, equivalent to 2.0 times annual revenue [8][10] - As of March 31, 2025, CGI employed approximately 94,000 consultants and professionals globally [8][10] Debt and Financial Ratios - Long-term debt and lease liabilities totaled $4.37 billion, up from $3.03 billion year-over-year [11][10] - Net debt stood at $3.24 billion, an increase from $1.73 billion the previous year, with a net debt-to-capitalization ratio of 24.1% [11][10]