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CGI reports second quarter Fiscal 2025 results
Prnewswireยท 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]