CGI 2Q Profits Rise, Orders Grow

Dow Jones

Apr 30

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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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. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 30, 2025 07:20 ET (11:20 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\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":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2531336530","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2531336530","pubTimestamp":1746012000,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"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 , 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 quar","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"GIB":"CGI Group Inc Cl A","BK4134":"信息科技咨询与其它服务","CGI":"萨拉东"},"translate_title":"CGI第二季度利润上升，订单增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CGI":1,"GIB":0.9},"content_text":"By Adriano Marchese \n\n\n \n\n\n  CGI's fiscal second-quarter profits edged higher as its growing order book plumps up backlog. \n\n\n  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. \n\n\n  Adjusted earnings were C$2.12 a share, in line with analyst expectations for the quarter, according to a poll by FactSet. \n\n\n  Revenue rose 7.6% to C$4.02 billion, just slightly ahead of analyst expectations of C$4 billion. \n\n\n  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. \n\n\n  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. \n\n\n \n\n\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 30, 2025 07:20 ET (11:20 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}