Stock Track | CGI Group Plummets 5.11% Intraday After Q2 Revenue Misses Estimates

Stock Track

Apr 29

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.

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While the company's adjusted earnings per share of CA$2.27 matched analyst expectations, the revenue miss appears to have disappointed investors.</p><p>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.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GIB","symbol_name":"CGI Group Inc Cl A","start_time":0,"source_url":"","article_id":"1179911167","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1179911167","pubTimestamp":1777472844,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"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...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"GIB":"CGI Group Inc Cl A"},"translate_title":"个股追踪|Q2营收不及预期CGI集团盘中暴跌5.11%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GIB":1},"content_text":"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. 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