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 saw 7.7% revenue growth, strong cash flow, and robust bookings, driven by acquisitions and AI investments. Managed services and SI&C segments performed well, with a healthy backlog and improving margins. Outlook remains positive, with sequential growth expected barring further U.S. Federal disruptions.
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 integration and strategic acquisitions drove performance. Margins were stable despite restructuring costs.
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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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The AGM covered strong financial growth, leadership transitions, and strategic investments in AI and acquisitions. All director nominees and the auditor were re-elected with overwhelming support. A new dividend program was launched, and the company reaffirmed its focus on responsible AI and 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 revenue grew 4.4% year over year, driven by managed services and IP, with strong cash flow and margin expansion. The backlog and pipeline remain robust, and M&A activity is set to accelerate amid favorable market conditions. AI and managed services are key growth drivers.
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Q3 FY2024 saw modest revenue growth, margin expansion, and strong bookings driven by managed services and IP, with government sector wins leading. Two acquisitions and a new dividend program were announced, while AI integration and cautious client spending shaped the outlook.