Canada · Delayed Price · Currency is CAD CGI Inc. Earnings Call Transcripts
Fiscal Year 2026
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Q2 2026 saw 3.3% revenue growth, record bookings, and strong cash generation, driven by AI strategy, acquisitions, and robust government and financial sector demand. Margins and EPS improved, with positive outlook for organic growth and continued investment in AI and M&A.
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The AGM covered strong financial growth, Board elections, and strategic priorities in AI and acquisitions. All directors and the auditor were re-elected with high support, while all shareholder proposals were rejected. The company emphasized resilience, innovation, and long-term value creation.
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Q1 fiscal 2026 saw 7.7% revenue growth, strong cash flow, and robust bookings, driven by acquisitions and AI strategy. Managed services and SI&C pipelines are expanding, with gradual improvement expected despite U.S. Federal volatility.
Fiscal Year 2025
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Q4 revenue grew 9.7% year-over-year to CAD 4 billion, with strong bookings and margin expansion. Managed services and AI-integrated offerings drove growth, while five acquisitions expanded reach. Market uncertainty persists, but robust demand and aggressive capital deployment are expected to continue.
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Q3 FY2025 revenue rose 11.4% year-over-year to CAD 4.1 billion, with strong growth in financial services and government sectors. Bookings and backlog remained robust, while AI and IP investments drove momentum. Ongoing integration of acquisitions and disciplined capital allocation support future growth.
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Q2 FY2025 revenue rose 7.6% year-over-year to CAD 4B, driven by acquisitions and managed services. Adjusted EBIT margin was 16.5%, with strong bookings and a global backlog of CAD 31B. Restructuring in Europe and continued M&A support long-term growth.
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Revenue grew 5.1% year over year to CAD 3.8 billion, with strong North American and U.S. Federal growth, while Europe faced softness. Bookings and backlog remain robust, and recent acquisitions in the U.S. and U.K. support expansion. Margins are stable, with continued focus on managed services, AI, and disciplined capital deployment.
Fiscal Year 2024
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Q4 and fiscal 2024 saw solid revenue and earnings growth, driven by managed services and IP, with strong cash flow and a robust M&A pipeline. Managed services and AI remain key growth areas, while discretionary consulting spend is still soft but expected to recover.
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Q3 saw modest revenue growth, strong margins, and robust bookings, driven by managed services and IP. Two acquisitions and a new dividend program were announced, while AI project activity increased. Clients remain cautious, but pipelines for managed services and IP are up year-over-year.