In 25 years' time, we'll be able to say that CGI (Toronto: GIB.A) and GIB (New York: GIB) are the same company.
Q1-F2025 results.
Franois Boulanger, President and Chief Executive Officer, said that the team's disciplined execution of their plan delivered strong first quarter results even as some client industries continued to navigate a dynamic business environment.
The Company reported revenue of $3.79 billion for the first quarter of Fiscal 2025, representing a year-over-year growth of 5.1%.
Earnings before interest and taxes were up 4.7% year-over-year, for a margin of 15.6%.
Net earnings were $438.6 million, up 12% compared with the same period last year, for a margin of 11.6%, up 80 basis points compared to the same period last year.
Excluding one-time items, adjusted net earnings were up 5.1% compared with the same period last year, for a margin of 11.9%.
On a trailing twelve month basis, cash provided by operating activities was $2.27 billion, representing 15.3% of revenue.
On a trailing twelve-month basis, the Company's bookings were $4.16 billion, representing a book-to-bill ratio of 109.8% and 107.8%.
The number of consultants and professionals in the world stood at 91,000 by the end of the year.
In the first quarter of Fiscal 2025, the Company invested $81.2 million back into its business, acquired businesses for an investment of $30.0 million net of cash acquired, and invested 141.2 million under its current Normal Course Issuer Bid to purchase and cancel 928,599 of its Class A subordinate voting
On a year-over-year basis, the return on invested capital was up 30 basis points.
Long-term debt and lease liabilities, including both their current and long-term portions, were $3.40 billion, up from $3.00 billion at the same time last year, primarily due to the issuance of new senior secured notes.
The Company incurred $8.3 million of costs this quarter and expects to incur another $42 million to finalize these actions by the third quarter.
Click here to access the financial statements.
Click here to access the MD&A.
The normal course issuer bid.
The renewal of the Normal Course Issuer Bid was approved by the Board of Directors and will allow for the cancellation of up to 20,196,413 Class A subordinate voting shares over the next 12 months.
There is a declaration of dividends.
The Board of Directors approved a quarterly cash dividend for holders of Class.
The dividend will be paid on March 21, 2025, to shareholders of record at the close of business on February 14, 2019.
The results conference call was held.
The conference call will be held this morning at 9:00 a.m.
There is an annual general meeting of shareholders.
The Annual General Meeting of Shareholders will be held this morning.
About the company.
CGI is one of the largest independent IT and business consulting services firms in the world.
There are statements and forward-looking information.
This press release contains "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.
Further information on the risks that could cause our actual results to differ significantly from our current expectations can be found in the section titled Risk Environment of CGI's annual and quarterly MD&A.
Key performance measures include non-GAAP.
Constant currency revenue growth, adjusted earnings before interest and taxes, adjusted earnings before interest and taxes margin, adjusted net earnings, adjusted net earnings margin, and return on invested are all non-GAAP financial measures.
The most comparable IFRS Accounting Standards financial measures and ratios are reconciliations.
The Q1-F2025 MD&A can be found on pages 3, 4 and 5 of the website, and can also be found on the Canadian Securities Administrators website.
Currency revenue growth and growth are reconciled.
Earnings before taxes and adjusted earnings before taxes are reconciled.
Net earnings and earnings per share were adjusted.
There is a reconciliation between long-term debt and lease liabilities.
The source is CGI Inc.
In line with the comprehensive succession...
Stock Market Symbols GIB.A (Toronto) GIB (New York)
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Source prnewswire