Montréal (Québec), August 6, 2024

“CGI’s Q3 results reflect the disciplined execution of our plan in this dynamic macro business environment to deliver shareholder value with sustained margin expansion and increased cash from operations,” said George D. Schindler, President and Chief Executive Officer. “Robust quarterly bookings of nearly $4.3 billion, led by managed services with a 139% book-to-bill ratio, provides recurring revenue that serves as a base to enhance our resilience in the future.”

Q3-F2024 performance highlights

  • Revenue of $3.67 billion, up 1.3% year-over-year or 0.2% year-over-year in constant currency1;
  • Earnings before income taxes of $594.0 million, up 6.3% year-over-year, for a margin1 of 16.2%;
  • Adjusted EBIT1 of $602.8 million, up 3.1% year-over-year, for a margin1 of 16.4%;
  • Net earnings of $440.1 million, up 6.1% year-over-year, for a margin1 of 12.0%;
  • Net earnings excluding specific items1,2, of $440.2 million, up 3.4% year-over-year, for a margin1 of 12.0%;
  • Diluted EPS of $1.91, up 9.1% year-over-year;
  • Diluted EPS excluding specific items1,2 of $1.91, up 6.1% year-over-year;
  • Cash from operating activities of $496.7 million, representing 13.5% of revenue1;
  • Bookings1 of $4.28 billion, for a book-to-bill ratio1 of 116.6% or 111.7% on a trailing twelve month basis; and
  • Backlog1 of $27.56 billion or 1.9x annual revenue.

Note: All figures in Canadian dollars. Q3-F2024 MD&A, interim condensed 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 from 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) measure, as applicable. These are not standardized financial measures under IFRS and might not be comparable to similar financial measures disclosed by other companies.

2Specific items in Q3-F2024 include: $0.1 million in acquisition-related and integration costs, net of tax; Specific items in Q3-F2023 include: $10.7 million in acquisition-related and integration costs, net of tax.

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For more information:

Investors
Kevin Linder
Senior Vice-President, Investor Relations
kevin.linder@cgi.com
+1 905-973-8363

Media
Andrée-Anne Pelletier, APR, PRP
Manager, Global Media and Public Relations
an.pelletier@cgi.com
+1 438-468-9118