0931 ET - CGI's steady F1Q performance signals a gradually improving demand environment, TD Cowen's David Kwan says. The analyst points to the company's strong managed-services bookings, which rose 11.4% year-over-year and produced a book-to-bill of 117.7% and 122.9% on a LTM basis. Kwan says the trend is meaningful for the year ahead, saying the quarter "supports our view of an improving demand environment that should drive stronger results." What's more, Kwan says strong free cash flow and aggressive buybacks further support CGI's financial flexibility, positioning it to continue both repurchases and M&A. (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
January 28, 2026 09:31 ET (14:31 GMT)
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