1058 ET - CGI's declining job posting indicates organic growth will likely be negative in 3Q. RBC's Paul Treiber says in a report that CGI's job postings declined another 12% quarter-over-quarter in June, after a 4% drop last quarter. He says this is the fourth consecutive quarter of sequential declines. This suggests CGI's organic growth is "likely to remain negative in 3Q (June-quarter)," and Treiber figures that the company will see a 1.3% decline in constant currency organic growth, slightly below consensus of 1.1% decline. To offset this, the company may need to continue to rely on acquisitions which "have been the driver of CGI's value creation over the long-term (10% per annum adj. EPS growth vs. 2% organic growth over the last 10 years)." (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

June 24, 2025 10:58 ET (14:58 GMT)

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