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

Stock Track

Jan 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.

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(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.</p><p>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%.</p><p>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. 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