CGI Group Inc's stock fell sharply by 5.11% during intraday trading on Wednesday, following the release of its second-quarter fiscal 2026 financial results.

The decline comes after the IT consulting firm reported revenue of CA$4.16 billion for the quarter, falling short of the FactSet consensus estimate of CA$4.25 billion. While the company's adjusted earnings per share of CA$2.27 matched analyst expectations, the revenue miss appears to have disappointed investors.

In its earnings release, CGI highlighted that revenue grew 3.3% year-over-year, or 1.6% in constant currency, but this growth rate represented a slowdown from previous periods. The company maintained its adjusted EBIT margin at 16.6% and reported strong cash generation, but the below-expectations top-line performance drove the stock lower.