Montréal, Quebec, November 6, 2024

“I am pleased with CGI’s fourth quarter results as our team delivered increasing revenue growth, sustained earnings expansion, and strong cash from operations,” said François Boulanger, President and Chief Executive Officer. “Looking ahead to fiscal year 2025, we continue to see opportunities for CGI to deliver on our full offering value proposition, which enables clients to achieve business outcomes. In addition, our financial strength deepens our position as an active consolidator.”

Q4-F2024 performance highlights

  • Revenue of $3.66 billion, up 4.4% year-over-year or 2.0% year-over-year in constant currency1;
  • Earnings before income taxes of $592.4 million, up 6.2% year-over-year, for a margin1 of 16.2%;
  • Adjusted EBIT1 of $600.2 million, up 4.7% year-over-year, for a margin1 of 16.4%;
  • Net earnings of $435.9 million, up 5.2% year-over-year, for a margin1 of 11.9%;
  • Net earnings excluding specific items1, 2, of $439.1 million, up 4.2% year-over-year, for a margin1 of 12.0%;
  • Diluted EPS of $1.91, up 8.5% year-over-year;
  • Diluted EPS excluding specific items1,2 of $1.92, up 7.3% year-over-year;
  • Cash provided by operating activities of $629.1 million, representing 17.2% of revenue1; and
  • Bookings1 of $3.82 billion, for a book-to-bill ratio1 of 104.4%.

F2024 performance highlights

  • Revenue of $14.68 billion, up 2.7% year-over-year or 0.9% year-over-year in constant currency1;
  • Earnings before income taxes of $2.29 billion, up 4.2% year-over-year, for a margin1 of 15.6%;
  • Adjusted EBIT1 of $2.42 billion, up 4.5% year-over-year, for a margin1 of 16.5%;
  • Net earnings of $1.69 billion, up 3.8% year-over-year, for a margin1 of 11.5%;
  • Net earnings excluding specific items1,3, of $1.77 billion, up 5.1% year-over-year, for a margin1 of 12.0%;
  • Diluted EPS of $7.31, up 6.6% year-over-year;
  • Diluted EPS excluding specific items1,3 of $7.62, up 7.8% year-over-year;
  • Cash provided by operating activities of $2.20 billion, representing 15.0% of revenue1;
  • Bookings of $16.04 billion, for a book-to-bill ratio of 109.3%; and
  • Backlog1 of $28.72 billion or 1.9x annual revenue.

Note: All figures in Canadian dollars. F2024 MD&A, audited consolidated financial statements and accompanying notes can be found at cgi.com/investors and have been filed with the Canadian Securities Administrators on SEDAR+ at www.sedarplus.ca and the U.S. Securities and Exchange Commission on EDGAR at www.sec.gov.


1Constant currency revenue growth, adjusted EBIT, adjusted EBIT margin, net earnings excluding specific items, net earnings margin excluding specific items and diluted EPS excluding specific items are non-GAAP financial measures or ratios. Earnings before income taxes margin, net earnings margin, cash provided by operating activities as a percentage of revenue, bookings, book-to-bill ratio, and backlog are key performance measures. See “Non-GAAP and other key performance measures” section of this press release for more information, including quantitative reconciliations to the closest International Financial Reporting Standards (IFRS Accounting Standards) measure, as applicable. These are not standardized financial measures under IFRS Accounting Standards and might not be comparable to similar financial measures disclosed by other companies.

2Specific items in Q4-F2024 include: $3.2 million in acquisition-related and integration costs, net of tax; Specific items in Q4-F2023 include: $6.7 million from the cost optimization program, net of tax.

3Specific items in F2024 include: $5.1 million in acquisition-related and integration costs and $68.1 million from the cost optimization program, both net of tax; Specific items in F2023 include: $42.1 million in acquisition-related and integration costs and $6.7 million from the cost optimization program, both net of tax.

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