Stock Track | CGI Group Soars 5.36% on Strong Q1 Earnings Beat and Share Buyback Renewal

Stock Track
01/28

CGI Group Inc. (GIB) saw its stock price surge 5.36% in early trading on Wednesday, driven by the company's robust first-quarter fiscal 2026 results and the renewal of its share repurchase program.

The IT consulting firm reported revenue of C$4.08 billion, representing a 7.7% year-over-year increase, with constant currency growth of 3.4%. Adjusted earnings per share came in at C$2.12, exceeding the FactSet consensus estimate of C$2.11. The company also highlighted strong cash generation of C$872 million and a healthy book-to-bill ratio of 109.5%.

Concurrently, CGI announced the renewal of its Normal Course Issuer Bid, authorizing the repurchase of up to approximately 19 million Class A subordinate voting shares, representing about 10% of its public float. Management attributed the quarter's performance to sustained client investment in modernization and managed services, with advanced AI solutions embedded, fueling demand.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10