By Adriano Marchese
CGI's fiscal second-quarter profits edged higher as its growing order book plumps up backlog.
The Montreal information-technology and software company on Wednesday posted a higher net income of 429.7 million Canadian dollars ($310.6 million), or C$1.89 a share in the three months ended March 31, up from C$426.9 million, or C$1.83 a share, in the comparable quarter a year earlier.
Adjusted earnings were C$2.12 a share, in line with analyst expectations for the quarter, according to a poll by FactSet.
Revenue rose 7.6% to C$4.02 billion, just slightly ahead of analyst expectations of C$4 billion.
At the end of the quarter, the company had C$4.48 billion in bookings, up from a year earlier when they were at C$3.75 billion, bringing its backlog up to C$30.99 billion, compared with C$26.82 billion a year earlier.
CGI said it has expanded the scope of its restructuring program, which it said continues to primarily target its operations in continental Europe. CGI said it incurred C$44.2 million of costs this quarter and expects to incur an additional C$137 million to implement these changes over the next few quarters.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
April 30, 2025 07:20 ET (11:20 GMT)
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